 |
Rent Determination
Fair Market Rents and
Payment Standards 2009
|
|
|
0 |
$537 |
$590 |
1 |
$612 |
$673 |
2 |
$746 |
$783 |
3 |
$978 |
$1,026 |
4 |
$1,050 |
$1,155 |
5 |
$1,208 |
$1,327 |
6 |
$1,365 |
$1,501 |
7 |
$1,523 |
$1,674 |
8 |
$1,680 |
$1,848 |
As of
July 1, 2009 |
HUD requires that HCVP rents be "reasonable." CMHA monitors the rental market and establishes average gross rents for each sub-market within Cuyahoga County.
- Each housing unit proposed for contract is rated by an HCVP inspector relative to its location. The HUD defined "Fair Market Rent" (FMR) determines maximum subsidy, but not reasonable rent.
- Reasonable gross rent less allowances for tenant-paid utilities
equals reasonable rent.
- The Housing Assistance Payment (HAP) is the difference between
the contract rent and tenant's share of rent
(Tenant Rent).
- The tenant may not pay more than 40% of his/her adjusted income
toward the rent in the initial year of the contract.
Utility Allowances 
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