Landlords in Wake County, North Carolina, are still waiting on months’ worth of unpaid housing voucher rent from the Wake County Housing Authority (WCHA), creating cash flow nightmares and putting tenants at risk of eviction.
đź“Ś Key Takeaways:
- Massive Payment Delays: Landlords are owed thousands—Chris O’Shields is short over $6,800, and Zac Hinton is out $9,600.
- Eviction Pressure: Landlords are giving tenants notice due to nonpayment from WCHA, despite tenants having valid vouchers.
- Blame Game: Interim WCHA Director Michael Best cites employee turnover and delayed HUD paperwork.
- County Deflection: Wake County claims it has no operational oversight despite appointing WCHA’s board.
- Promised Fix: Payments are “supposed” to be disbursed by July 1, but landlords are skeptical.
đź’ˇ Why It Matters to Arizona Investors:
- Voucher Delays Aren’t Just Local: Arizona landlords should vet housing authorities’ payment reliability before accepting vouchers.
- Cash Flow Disruption: Long payment delays defeat the purpose of “guaranteed” income from government programs.
- Eviction Optics: Investors risk reputational damage even when nonpayment isn’t their fault.