(831)454-9455 HUD Occupancy Handbook 5-2 8/13 Chapter 5: Determining Income & Calculating Rent 4350.3 REV-1 5-2 Key Terms About the Kennewick Housing Authority Section 8 Housing Choice Voucher Program. Rent Affordability Calculator. Seniors aged 55 and older are eligible to apply for a voucher. The affordability calculator only applies to new contracts. Therefore, even though the calculator shows that the requested rent is affordable, this does not mean that it is necessarily reasonable. You can take a voucher you received in Vermont and move to Kentucky with it. The Section 8 Housing Choice Voucher (HCV) Program enables the lowest income households in New York State to rent or purchase decent, safe housing in the private housing market by providing rental and homeownership assistance. Boston Housing Authority (BHA) first calculates a household’s maximum housing voucher subsidy, or the total amount that BHA will pay toward rent each month. Rent Affordability Calculator This calculator determines if the rent amount charged can be covered by a given voucher size. After you receive a voucher from a Housing Authority (click to see the map), you search and find a unit (within certain requirements). 60 | Section 8 Made Simple Chapter 6: Determining the Total Tenant Payment and the Housing Choice Voucher Rent Subsidy | 61 Public Housing Agency Rent Subsidy Amount Once the minimum tenant contribution and the PHA’s HCV payment standards are known, the maximum amount of the HCV rent subsidy can be calculated. The Section 8 Voucher Payment Standard is the most the Housing Authority can pay to help a family with rent. How does it work? CAN I Apply? ONE. The “housing choice voucher” is a 100% federally funded rental subsidy for low-income households living in privately owned rental units. Your income is $100, you pay $30. Under the Section 8 voucher program, your contribution to rent is fairly simple math. But don’t let this stop you from applying. HUD Occupancy Handbook 5-2 8/13 Chapter 5: Determining Income & Calculating Rent 4350.3 REV-1 5-2 Key Terms Calculated amounts as they appear on the Maximum Affordability Test are not guaranteed. Duke Power 2020 Piedmont Electric 2020 Project-Based Section 8 is attached to a specific property. It’s strongly recommended you contact your local housing authority to find out more. As of the HUDs most recent Voucher Management System report, Kennewick Housing Authority manages 855 active Housing Choice Vouchers. What are housing choice vouchers? Created by the Housing and Community Development Act of 1978, the Housing Choice Voucher program, also known as Section 8, provides assistance to eligible low- and moderate-income families to rent housing in the private market. The program is administered by your local housing authority. Assistance Amount = Total Rent – Tenant Rent Payment. 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