How Rent Is Determined
Your rent will be based on your family’s anticipated gross annual income less deductions, if any. HUD regulations allow Housing Agencies (HA) to exclude from annual income the following allowances: $480.00 for each dependent; $400 for any elderly family or a person with disability, and some medical deductions for families where the head of household (or spouse) is an elderly person or a person with disabilities. All families are required to pay at least $50.00 minimum rent.
Rent will be calculated based of the highest of the below formula:
Rent will be calculated based of the highest of the below formula:
- 10% of monthly income
- 30% of monthly adjusted income (Gross Annual Income less deductions allowed by
the regulations), which is called the total tenant payment (TTP) - A $50.00 minimum rent, set by CRHA at this time
CRHA will use the greater of the Payment Standard or the Gross Rent less your TTP to determine the HAP amount.
Voucher Payments Standards are established by the CRHA based on the Fair Market Rent and may be adjusted annually.
Utilities
Voucher Payments Standards are established by the CRHA based on the Fair Market Rent and may be adjusted annually.
Utilities
- A utility allowance is the PHA’s estimated average amount the household will pay for utilities each month.
(NOTE: Allowances are only given for tenant paid services and appliances) - The utility allowance will vary by unit size and type. In some cases a family may receive a utility reimbursement check.
- The family will be required to have utilities on and current at all times, and in the name of an adult household member.
PAYMENT STANDARDS
