HOUSEHOLD SHARE OF RENT: participants pay the greater of 30% of adjusted income, 10% if gross monthly income or $25.00. They may not make side payments or elect to pay more than the “total tenant payment”.
FAIR MARKET RENT GUIDELINES: Must select a dwelling unit with a total housing cost that does not exceed the HUD-approved fair market rent or the are-wide exception rent, where applicable. Some exceptions may be approved
PAYMENT STANDARD: The Payment Standard does not apply
RENT INCREASES: Rent Increases are approved by the program using annual adjustment factors published by HUD and a “rent reasonableness” test.