Fact Sheet - Hud printable pdf download

OAs’ Responsibilities:



Obtain accurate income information

FACT SHEET



Verify resident income



Ensure residents receive the exclusions and

For HUD ASSISTED RESIDENTS

deductions to which they are entitled



Accurately calculate Tenant Rent



Provide tenants a copy of lease agreement and

Project-Based Section 8

income and rent determinations Recalculate rent

when changes in family composition are reported



Recalculate rent when resident income decreases

“HOW YOUR RENT IS



Recalculate rent when resident income increases by

$200 or more per month

DETERMINED”



Recalculate rent every 90 days when resident claims

minimum rent hardship exemption



Provide information on OA policies upon request



Office of Housing

Notify residents of any changes in requirements or

practices for reporting income or determining rent

September 2010

Residents’ Responsibilities:



Provide accurate family composition information

This Fact Sheet is a general guide to inform the



Report all income

Owner/Management Agents (OA) and HUD-



Keep copies of papers, forms, and receipts which

assisted residents of the responsibilities and rights

document income and expenses

regarding income disclosure and verification.



Report changes in family composition and income

occurring between annual recertifications



Sign consent forms for income verification



Follow lease requirements and house rules

Income Determinations

Why Determining Income and Rent

Correctly is Important

A family’s anticipated gross income determines not only

eligibility for assistance, but also determines the rent a

Department of Housing and Urban Development studies

family will pay and the subsidy required. The

show that many resident families pay incorrect rent.

anticipated income, subject to exclusions and deductions

The main causes of this problem are:

the family will receive during the next twelve (12)

months, is used to determine the family’s rent.



Under-reporting of income by resident families, and



OAs not granting exclusions and deductions to

What is Annual Income?

which resident families are entitled.

Gross Income – Income Exclusions = Annual Income

OAs and residents all have a responsibility in ensuring

that the correct rent is paid.

What is Adjusted Income?

Annual Income – Deductions = Adjusted Income

Determining Tenant Rent

Fact Sheet - Hud

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