RENT Magazine Q1'26

SECTION 8 HOUSING: IS IT WORTH IT FOR LANDLORDS? For decades, housing vouchers and programs like Section 8 have been positioned as a stabilizing force in American housing. They are designed to improve affordability while offering owners reliable, government-backed rent. In theory, this creates certainty. In practice, it has quietly transformed the risk profile of multifamily real estate, particularly for owners of Class B and Class C housing. After developing, owning, and operating rental

whether you operate in highly regulated markets like California and New York or in lower-regulation states in the Midwest or Southeast. Here’s how educated owners and investors are assessing risks and positioning themselves to safeguard cash flow and long-term returns.

housing across regulated and unregulated markets, one reality has become increasingly clear. Property owners can no longer just underwrite tenants. They must actively underwrite politics, policy cycles, and bureaucratic decision-making that can shift faster than the market itself. This dynamic is true

PROPERTY OWNERS CAN NO LONGER JUST UNDERWRITE TENANTS. THEY MUST ACTIVELY UNDERWRITE POLITICS.

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