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PAYMENT STANDARDS AND FAIR MARKET RENT LIMITS
2009/2010
There are no maximum rent limits under the Voucher Program but the owner is expected to charge a reasonable market rent for the unit based upon its size, location and amenities. The Voucher Payment Standard should be used as a gross rent guideline.
All Rents listed below represent gross rents (rent to owner plus utilities).
The new VPS will be used for all new contracts which include moves by participants. With the exception of the efficiency size units the VPS are an increase over the 2008/2009 standards. Clients residing in efficiency are to be notified during their annual recertification, in writing, that the reduced VPS will be applicable at their next recertification.
Bedroom Size |
50th Percentile
Fair Market Rents
(Effective Oct. 1, 2009) |
Payment
Standards
(Effective 11/08/2009)
|
Efficiency |
$1,156 |
$1,098 |
1 |
$1,318 |
$1,252 |
2 |
$1,494 |
$1,419 |
3 |
$1,927 |
$1,831 |
4 |
$2,522 |
$2,396 |
5 |
$2,900 |
$2,755 |
6 |
$3,279 |
$3,115 |
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INCOME LIMITS
(Effective May 14, 2010)
Family Size |
SECTION 8
EXTREMELY LOW |
SECTION 8
VERY LOW INCOME |
1 |
$21,750 |
$36,250 |
2 |
$24,850 |
$41,400 |
3 |
$27,950 |
$46,600 |
4 |
$31,050 |
$51,750 |
5 |
$33,550 |
$55,900 |
6 |
$36,050 |
$60,050 |
7 |
$38,550 |
$64,200 |
8+ |
$41,000 |
$68,350 |
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