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Under the Section 8 Housing Choice Voucher program, most tenants will pay 30% of their monthly income. The Public Housing Authority that issued and approved the voucher will pay the landlord the remainder of the rent and utility costs.
Your PHA will calculate the maximum voucher amount. The maximum amount is usually the 30% of a family's monthly adjusted income minus the payment standard OR 30% of monthly adjusted income minus the rent payment, whichever is less.
TOTAL HOUSEHOLD SIZE. NUMBER OF ELIGIBLE HOUSEHOLD MEMBERS. (citizens or legal citizens) A. CONTRACT RENT* (Amount landlord wants) B. UTILITY ALLOWANCE* C. GROSS RENT. D. PAYMENT STANDARD* E. LOWER OF LINE C OR LINE D. F. 30% OF MONTHLY ADJUSTED INCOME: (Provided by Housing Authority)*
While federal law prohibits you from charging more rent to Section 8 tenants than you would unsubsidized renters, you can charge more than HUD's fair market statistics. Bear in mind, however, that HUD does not allow Section 8 families to spend more than 40 percent of their household incomes on rent and utilities.
Payment Standard for Each Area This payment standard will be between 90 and 110 percent of the Fair Market Rent. Therefore, the three factors that determine how much Section 8 pays landlords are: The Fair Market Rent that has been set for the metropolitan area where your property is located.
The payment standard is the maximum subsidy a PHA can pay on behalf of a family, and a PHA establishes payment standards based on the HUD-established Fair Market Rents (FOR) for the area. More details on exception payment standards are below.
Adding an income earner to your Section 8 Voucher This may be a boyfriend/girlfriend, ex-spouse, parent, or other family member. If this person happens to also have an official reported income, you may run into a major problem.
No, Housing Choice Vouchers are not transferable between people. In some cases, such as the death of the head of household, housing authorities may allow assistance to be transferred to an adult within the household that is legally able to execute the existing lease with the landlord.
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