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1 Answer
IamPamela313
A family may not pay more than 40% of income for rent when they first receive one of these new vouchers or any time they move to a new unit. If the rent increases above the 40% of the family’s income after the initial lease period, they may remain, but will have to pay any increase out-of-pocket, pushing their housing cost past 40%.
https://www.housingrights.com
kcie
IamPamela313
https://www.housingrights.com
| 14 years ago. Rating: 4 | |
Does that mean if I can make 400.00$ a month my increase would be approx. $130.00 a month? Thank you for your help and please respond again. I am just struggling due to past debts. Thanks again in advance!
Your rent payment is based on your income. Generally your rent payment is 33% of your income, not to exceed 40% of your income.
400 x 33% = $132.00
400 x 40% = $160.00
780 x 33% = $257.40
780 x 40% = $312.00
400 x 33% = $132.00
400 x 40% = $160.00
780 x 33% = $257.40
780 x 40% = $312.00
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