PUSSH Scores Versus Beacon Scores for Section 8 Tenants
PUSSH – Preapproved Underwritten Standard for Subsidized Housing Recipients is a simple algorithm that scores subsidized housing recipients based on their responses to uniquely crafted prescreening questions with scores ranging from 300 to 850 similar to Beacon scores. Rental history carries the most weight in this arena because ability to pay is not as much of a factor since a large portion of the rent is subsidized.T
here are conditions unique to Section 8 recipients …
which make it unfair to apply the standard tenant selection criteria because it may automatically disqualify the majority of that tenant population. Because of this, many unfamiliar Landlords and Realtors miss the mark and miss out on the opportunity to obtain an upstanding tenant at or above fair market rents.
few key questions unique to this population are …
- How many bedrooms are allowed on your voucher?
- How many years of verifiable rental history do you have?
- Are you able to get a letter of reference from your current Landlord? Have you ever been evicted?
- What is your CURRENT portion of rent? For example, if the total rent is $1,000 and $900 is subsidized then MY PORTION OF THE RENT IS $100.
- What’s the name of the program or housing agency providing the security deposit assistance? What about the monthly subsidy?
About the author …
- Landlord for 16 years
- Real estate broker for 15 years
- Vice chairman of the Section 8’s DC Housing Provider’s Association for 5 years
- Founder of DCLUM, DC Landlord Unity Movement and Chairmain for 3 years
- Managing Partner of Housing & Urban Management dba HUM, a property management company, for 8 years – offering Property Management Plans for $35, $55 and $75 per month
- Inventor of PUSSH Scoring criteria which makes fair housing accessible for subsidized housing recipients