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Please refer to example entitled:

Less Than 90-Day Tenant



SUBPART E Reference §24.404(c)(3)

Less Than 90-Day Tenant

A tenant moves into a dwelling after the initiation of negotiations. The agency acquires the property 45 days after the tenants occupies the dwelling and issues the tenant a notice to vacate. The tenant's rental assistance is calculated as follows:

Tenant Gross Monthly Income: $1,000
Current Rent and Utilities: $500
Available Rental with Utilities: $750

Tenant is low income per HUD schedule.

New rent and Utilities: $750
30% of Income: $300

$450 x 42 = Payment $18,900

Updated: 9/5/2014
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