How Does HUD Determine Voucher Amount?
Your PHA will calculate the maximum voucher amount. The maximum amount is usually the 30% of a family's monthly adjusted income minus the payment standard OR 30% of monthly adjusted income minus the rent payment, whichever is less.
How are HUD payments calculated?
How much rent do you pay if you live in Section 8, HUD Housing, Public Housing, Rural Rental Assistance, or have a Housing Voucher? The simple answer is: You pay 30% of your income. Your income is $100, you pay $30. Your income is $1,000, you pay $300.
How is My Rent Calculated? (HUD, Section 8 & Low Income
In the median rent method, HUD determines the exception payment standard amount by multiplying the FMR times a fraction of which the numerator is the median gross rent of the exception area and the denominator is the median gross rent of the entire FMR area.
24 CFR § 982.503 - Payment standard amount and schedule.
The Section 8 Voucher Payment Standard is the most the Housing Authority can pay to help a family with rent. ... The Housing Authority establishes Voucher Payment Standards (VPS) based on the Fair Market Rents (FMR), which are established at least annually by U.S. Department of Housing and Urban Development (HUD).
About Section 8 - HACLA.org