The HACC must ensure that rents for assisted units are reasonable in comparison to similar market rate units in the area. The HACC uses information about the rental market to compare a prospective unit to units already rented to market rate renters. The HACC uses information from the inspection – location, quality, size, unit type, age of the contract unit, amenities, housing services, maintenance and utilities to be provided by the owner – to make the comparison.
Once the reasonable rent for a unit is determined, the HACC will determine the Housing Assistance Payment (HAP) and the Family Share – the family’s portion of the rent and utilities which are not included in the lease. The Payment Standard is the maximum assistance the HACC can pay and the family usually pays 30% of the family’s adjusted income, but no more than 40% when the family moves into the unit.