Income-Based Rent definition

Income-Based Rent. For Federal Public Housing the monthly rental amount shall not exceed 30% of monthly-adjusted income or 10% of the monthly gross income, whichever is greater.
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Income-Based Rent. The income-based rent amount is based on the family income and other information reported by the Resident. (check one)
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Income-Based Rent means the Resident’s rent that is based on the Resident’s household income and PCHA policy.
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Examples of Income-Based Rent in a sentence

  • All requests to return to the Income-Based Rent must be submitted in writing.

  • Each year, at the time of the Annual Recertification, the family has the option of selecting HACE’s established Flat Rent or having their rent based on the amount of their income (Income-Based Rent).

  • Income-Based Rent: For Federal Public Housing the monthly rental amount shall not exceed 30% of monthly- adjusted income or 10% of the monthly gross income, whichever is greater.

  • Resident elects to change from the Flat Rent calculation method to the Income-Based Rent method.

  • For families on Income-Based Rent, the Authority shall conduct an Interim Recertification if it is alleged that the tenant has misrepresented the facts upon which the rent is based.

  • Each year, at the time of the Annual Recertification, the family has the option of selecting the Authority’s established Flat Rent or having their rent based on the amount of their income (Income-Based Rent).


More Definitions of Income-Based Rent

Income-Based Rent means a monthly rent payment that is calculated based upon a household’s adjusted income. A household’s adjusted income is determined in accordance with 24 Code of Federal Regulations 5.611.
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