4 - UPDATE_TO_HCV_ADMIN_PLAN_202012-01

Home Browse Search

adjustments if it determines that rent burdens for assisted families in SAHA's jurisdiction are unacceptably high 24 CFR 982.503(g)]. SAHA Policy SAHA will review the appropriateness of the payment standards on an annual basis when the new FMR is published. In addition to ensuring the payment standards are always within the "basic range" SAHA will consider the following factors when determining whether an adjustment should be made to the payment standard schedule: Funding Availability: SAHA will review the budget to determine the impact projected subsidy adjustments will have on funding available for the program and the number of families served. SAHA will compare the number of families who could be served under revised payment standard amounts with the number assisted under current payment standard amounts. Rent Burden of Participating Families: Rent burden will be determined by identifying the percentage of families, for each unit size, that are paying more than 30 percent of their monthly adjusted income as the family share. When 40 percent or more of families, for any given unit size, are paying more than 30 percent of adjusted monthly income as the family share, SAHA will consider increasing the payment standard. In evaluating rent burdens, SAHA will not include families renting a larger unit than their family unit size. Quality of Units Selected: SAHA will review the quality of units selected by participant families when making the determination of the percent of income families are paying for housing, to ensure that payment standard increases are only made when needed to reach the mid -range of the market. Changes in Rent to Owner: SAHA may review a sample of the units to determine how often owners are increasing or decreasing rents and the average percent of increases/decreases by bedroom size. Unit Availability: SAHA may review the availability of units for each unit size, particularly in areas with low concentrations of poor and minority families. Lease -up Time and Success Rate: SAHA will consider the percentage of families that are unable to locate suitable housing before the voucher expires and whether families are leaving the jurisdiction to find affordable housing. Changes to payment standard amounts will be effective on December I" of every year unless, based on proposed FMRs, it appears that one or more of SAHA's current payment standard amounts will be outside the basic range when the final FMRs are published. In that case, SAHA's payment standards will be effective on October 1" instead of December Pt. Exception Payment Standards [982.503(c)] SAHA must request HUD approval to establish payment standards that are higher than the basic range. At HUD's sole discretion, HUD may approve a payment standard amount that is higher than the basic range for a designated part of the FMR area. HUD may approve an exception payment standard amount (in accordance with program requirements) for all units, or for all units of a given size, leased by program families in the exception area. Any SAHA with jurisdiction in 4-36