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HOW TO FIGURE OUT WHAT YOU PAY AS (Housing Authority of the County of Santa Cruz)

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HOW TO FIGURE OUT WHAT YOU PAY AS RENT
Housing Choice Voucher Program
The amount of subsidy the Housing Authority will pay on your behalf is determined by your income and the
Housing Authority Payment Standard. The Housing Authority has verified your income and has determined an
amount that is 30% of your monthly adjusted income. This amount is shown on your application form or
transfer confirmation letter. The Housing Authority pays directly to the owner the difference between the
payment standard
and
your 30% monthly adjusted
income. You pay the
difference
to the
owner
as your share of the
rent. This difference may exceed 30% of your monthly income.
However, whenever a family moves to a new unit, the family’s share cannot exceed 40% of their monthly adjusted
income. After the first term of the lease, the landlord may raise the rent. The chart below will assist you in
calculating your initial rent.
A.
RENT TO LANDLORD
$
(Amount landlord wants)
B.
UTILITY ALLOWANCE
$
(Enter $0 if none)
C.
GROSS RENT
$
(Add Line A and Line B)
D.
PAYMENT STANDARD
$
E.
ENTER THE LOWER OF LINE C OR LINE D
$
F.
FAMILY 30% OF MONTHLY ADJUSTED INCOME:
$
G.
HOUSING AUTHORITY PAYMENT
$
(Subtract Line F from Line E)
H.
TENANT RENT PAYMENT:
$
(Subtract Line G from Line A)
I.
FAMILY SHARE OF RENT:
$
(Add Line H + Line B)
J.
INITIAL MOVE IN ONLY
FAMILY 40% OF MONTHLY ADJUSTED INCOME:
$
(If Line I is more than line J, Family Share is too high.
Tenant must work with landlord to lower contract rent
Or find another unit.)
550103 2/6/03
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HOW TO FIGURE OUT WHAT YOU PAY AS (Housing Authority of the County of Santa Cruz)

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Completed 15 May 2021

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