New Section 8 Housing Vouchers Means Huge Opportunity For EB Investors Submitted by Jerry Cohen on Thu, 01/14/2010 - 13:41 Recent economic conditions have pushed officials in Chicago to open up an additional 40,000 slots for section 8 housing. As a result, the need for qualified section 8 housing has exploded, giving investors a window of opportunity to add to their portfolios.

Sudden Chicago Housing Shortage Addressed
After 10 years of refusing to accept new section 8 housing applications, Chicago officials have opened up 40,000 new slots for applications. These 40,000 new families will be looking for qualified section 8 housing in a market that isn’t ready to meet such a demand.

It’s no secret that the economy continues to struggle. In some ways things have gotten better, but the economy is still standing on shaky legs. The return to economic strength is taking far too long for many families. In the face of such conditions an overwhelming number of families have been forced to seek housing help.

The number of families applying for help is increasing rapidly and this situation has forced Chicago officials to take drastic measures by opening a section 8 housing list that they had intended to keep closed.

Equity Build Helps Investors Fill the Housing Void
The spike in section 8 housing applications offers a great win-win situation for investors to start, or add to, their portfolios, which is why Equity Build has a strong buy recommendation for the Chicago market right now.

This new demand for section 8 housing offers investors a chance to add some great real estate investments to their portfolio. And, since the government subsidizes section 8 rents, it saves chasing down rent payments or covering them out-of-pocket.

The question regarding this hot Chicago market is not really whether there are good investment opportunities, but rather, how long will the window be open. Will the list close next quarter and remain closed for another 10 years? It’s hard to say.

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