As a Section 8 owner, you can renew the lease with your tenant(s) when the existing lease is set to expire. This process to renew an existing lease or request a contract rent change is known as a lease renewal. Below is an overview of the lease renewal process:
In addition to submitting a written lease renewal request, you must also submit applicable supporting documents. A list of the documents that must be provided based on the type of unit you own is provided on the back of the NYCHA "Landlord Request for Lease Renewal Approval" form.
NYCHA will not process a lease renewal request until all required documents have been submitted and, the rent has been determined reasonable.
You will be notified in writing of the outcome of the review. If approved, you and the tenant will be notified of the new tenant share, NYCHA’s share to the owner, and the effective date of the change. You can also see the status of your request on the Owner Extranet.
HUD requires NYCHA to determine rent reasonableness to ensure that rents charged by owners to Section 8 participants do not exceed rents currently being charged for comparable unassisted units in the private market. NYCHA considers the following factors when determining rent reasonableness: location; unit size and type; age of the subject unit; property amenities and services; and utilities provided by the owner as specified by the lease.
A rent reasonableness evaluation is conducted prior to entering into the HAP contract with an owner and approving a rent increase. NYCHA utilizes a third party vendor, GoSection8, for all rent reasonableness evaluations. GoSection8 utilizes both a unit to unit and unit to market approach to select the closest and most similar unassisted units within the given area.
Voucher holders have the option to transfer to a new unit when their lease expires or is set to expire within 60 days. Below is an overview of NYCHA's transfer process:
As an owner, you must complete and return the following documents before the rental will be approved:
NYCHA will review the completed briefing package, and once approved, you must call the Customer Contact Center to schedule an inspection of the new unit. NYCHA will only approve the new unit if it passes inspection. Once the unit passes inspection, NYCHA will issue the voucher holder a move-in letter authorizing them to move into the new unit.