Examples of Rent Standard in a sentence
Under no circumstances may ECC/HANH approve an MTW Rent Standard above 150% without prior HUD approval.
ECC/HANH will reexamine its MTW Rent Standards monthly to ensure that ECC/HANH does not exceed 120% of the FMRs in the mean Rent Standard, which includes HAP payments to landlords, tenant rent payments to landlords, and any utility allowance amounts.
Documentation of compliance with the HUD Fair Market Rent Standard (submission required only for the initial month of assistance);b.
The PJ’s Rent Standard is $775.The maximum PJ subsidy is:The Cleavers’ share is:Rent standard$775 Approved rent $800Less 30% of monthly adjusted income$458 Less maximum PJ subsidy $317Maximum PJ subsidy$317 Cleaver’s payment $483In this example, the Cleavers will pay more than 30% of their adjusted monthly income for housing because they selected a unit that rents for more than the standard.
The introduction of the Regulator of Social Housing’s new Rent Standard from April 2020 states that social housing landlords can now increase the rent payable by tenants by CPI+1% annually for a period of five years.