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3/13/24, 8 00 AM Santa Ana Housing Authority Annual Plan Survey FY 2024 2025 <br />https //www surveymonkey com/r/VC9NPDD 5/10 <br />*5.What recommendations do you have to change or improve our Rent Det <br />ermination Policies? <br />Rent Determination Policies for the Housing Choice Voucher (HCV) pro <br />gram refer to the guidelines and procedures used to calculate the amou <br />nt of rent that a participant in the program is responsible for paying. Ke <br />y aspects of Rent Determination Policies in the HCV program include: <br />Fair Market Rent (FMR): The U.S. Department of Housing and Urban De <br />velopment (HUD) establishes Fair Market Rents for different areas base <br />d on rental market conditions. These FMRs serve as the maximum amo <br />unt of rent that can be subsidized under the program for various unit siz <br />es in a particular area. <br />Payment Standard: Payment standards in the HCV program represent t <br />he maximum amount of subsidy that the Housing Authority will provide <br />toward the rent and utilities for a participant in the program. <br />Rent Reasonableness: Housing Authorities must ensure that the rent ch <br />arged for a unit leased with an HCV is reasonable compared to similar u <br />nassisted units in the area. This determination helps prevent excessive <br />rents and ensures that the program's funds are used effectively. <br />Utility Allowance: Participants may receive an additional subsidy to cov <br />er the cost of utilities not included in the rent. The amount of this allow <br />ance is based on the average utility costs for the unit size and type in th <br />e area. <br />Income Verification: these policies involve verifying the participant's inc <br />ome to accurately calculate their portion of the rent and subsidy. <br />Overall, Rent Determination Policies for the HCV program aim to ensure <br />that participants pay an affordable portion of their income towards hou <br />sing costs while maintaining the program's fiscal responsibility and pro <br />moting access to safe and decent housing in the private rental market. <br />0 of 10 answered <br />EXHIBIT 1