The housing authority then subtracts certain deductions and arrives at an amount called your net income (for state public housing) or adjusted income (for federal public housing). The housing authority then determines your rentbased on a percentage of your net or adjusted income.
People also ask
How do you calculate rent in public housing?
How to Calculate Rents. Usually, rent in public housing is a percentage of your anticipated yearly income. This is called income-based rent because it is based on your income.
How does the Housing Authority determine my rent?
The housing authority then determines your rent based on a percentage of your net or adjusted income. The exact percentage depends on whether you live in state or federal public housing. If you do not know whether you live in state or federal public housing, ask your manager or check your lease.
How does NYCHA calculate rent?
How Does NYCHA Calculate Rent? Rent for public housing residents is determined annually during each household recertification process. After reviewing the household composition, income, assets, and expenses listed in the Public Housing Affidavit of Income,
How do I calculate the total tenant payment?
Example 1: Calculating Total Tenant Payment ?Monthly Adjusted Income 30% of monthly adjusted income $700 x .30 = $210 10% of monthly income $740 x .10 = $74 Welfare rent (in as-is states) N/A PHA minimum rent $50 Total Tenant Payment (TTP) $210 The tenant will never pay less than the TTP regardless of the unit selected