|
Housing Choice Voucher Program - Rent Reasonableness
What is Rent
Reasonableness?
HUD requires a rent
reasonableness test be conducted on each unit and is essential
to the successful operation of the S-8 program. Reasonable rent
is defined as a rent to owner that is not more than rent
charged:
1. For a
comparable units in the private unassisted market.
2. For comparable unassisted units in the premises.
Factors considered in
each test are:
1. Unit size (square
footage)
2. Age (year built)
3. Quality (includes quality of workmanship)
4. Unit type (single family, duplex, mobile home, etc.)
5. Location (site and neighborhood, access to public
services, etc)
6. Amenities (carpet, ceramic floors, air conditioning,
central heat, insulation, washer & dryer hook ups, etc)
7. Housing services provided
8. Maintenance provided
9. Utilities (does the landlord furnish water, stove,
refrigerator, etc.)
The purpose of Rent
Reasonableness is to assure that:
1. A fair rent is paid
for units selected for participation in the S-8 program, (the
rent charged for assisted units may not exceed rents for
unassisted units.
2. The program does not have the effect of inflating rents in
the community.
Rent
Reasonableness Form
Knox Metropolitan Housing Authority
201A West High Street
Mount Vernon, Ohio 43050 |
 |
|