< Previous | Index | Next >
Let's See How it Works
Please refer to example entitled:
Less Than 90-Day Tenant
Notes:
Explanation/Example
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 |
| Difference: | $450 x 42 = Payment $18,900 |
To provide feedback, suggestions or comments for this page, contact Arnold Feldman arnold.feldman@fhwa.dot.gov
