Seeking Property Owners

Fairmont-Morgantown Housing Authority (FMHA) administers a Section 8 project based voucher program in Marion County, WV. FMHA seeks property owners who are interested in participating in the project-based program. FMHA shall set aside project based vouchers at the following rate: 1 studio unit, 26 one-bedroom units, and 22 two-bedroom units. The targeted projects are an old school building in the City of Fairmont. Under this program, property owners will construct or rehabilitate housing units which are substandard or have major building systems or components requiring repair or replacement. The cost of this work must total a minimum of $1,000 per assisted unit verified by receipts after approval of the project based award prior to final site inspection. After the construction or rehabilitation work has been completed, FMHA and the owner will execute a contract which determines a rent for the assisted unit(s) not to exceed the established Fair Market Rents for a period of not less than one year. During the term of the contract, the owner agrees to rent the assisted units to eligible low, very low, or extremely low-income tenants who will pay approximately 30{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} of their adjusted income toward the rent and utilities. FMHA will pay the eligible remainder of the rent directly to the owner after HAP contract award and eligible leases are executed. Permanent displacement of a tenant is prohibited. FMHA does not reimburse owners for tenant damages after leasing.
Owners who wish to submit a proposal must obtain an application from: Fairmont-Morgantown Housing Authority, 103 12th Street, P.O. Box 2738, Fairmont, WV 26555-2738, or call (304) 363-0860, ext. 104 for assistance. Only applications submitted in response to this advertisement will be considered. The deadline date for submission of the proposal is May 15, 2015 at 3:30 p.m. at the above address. FMHA is an Equal Opportunity Employer. Each proposal will receive consideration without regard to the responder’s race, color, religion, disability, age, sex, national origin, or familiar status. EQUAL HOUSING OPPORTUNITY.
Times: April 1, 8, 15, 2015