Property Owners
Mutually Beneficial Partnership
Partnering with MPHA is Good Business
MPHA’s voucher program provides rental opportunities to low-income families by partnering with private market rental housing property owners across Minneapolis. Participants have the ability to locate and rent most types of housing, in any neighborhood within the city limits of Minneapolis. Benefits of renting to voucher holders and partnering with MPHA include:
- Timely and guaranteed rent payments
- Reduced turnover and vacancy costs: Twin Cities voucher holders live an average of 7 years in their unit.
- Responsible tenants: Rental assistance is scarce, and few eligible people succeed in securing a spot on a waiting list. After waiting years for assistance, voucher-holders are motivated to keep their apartment and follow lease terms, or they risk losing their assistance and their home.
- Free inspections: A trained professional provides free annual inspections to ensure the unit is habitable and residents in your unit are safe, helping the property retain value.
- A chance to make a difference: Working with our program can provide families with opportunities to make the best decisions for themselves and improve their lives.
- Special incentives: Minneapolis Property Owner Incentive Fund includes a one-time $250 incentive fee for property owners new to the HCV program, reimbursement for losses related to holding an apartment open in response to MPHA request or MPHA delays outside of standard voucher process, and damage insurance program for owners who experience verified damages above what is covered by the security deposit.