Can you have savings and still qualify for section 8?

This question addresses the issues of how much a Housing Authority will pay for how many bedrooms in a particular jurisdiction. Public Housing Authorities, or PHA's set what is known as payment standards for each bedroom size of any dwelling, according to the Fair Market Rent (FMR) of that dwelling. First you'll have to determine the FMR. A good place to do that is at HUDUSER.ORG, which is a data site for the US Housing and Urban Development, or HUD. There you can look up the FMR in any area of the United States. PHA's set payment standards (PST) of between 90 and 110 percent of the FMR of that jurisdiction. If it's a well-known urban jurisdiction, expect the PST to be the lowest. If it's a rural jurisdiction expect the PST to be higher (closer to 100% or better). To get specific information about the payment standards for a specific Housing Authority, you can look that up in their website (almost every PHA has a website and publishes that information, usually under information for landlords).