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<br />i <br />c .. <br />~S~i.e,~~~€~~~~ f+? <br />~'Od~ROiMG S~G~i~'AFiY U5~ ONLY: <br />APf~ROVEU <br />As Recommended <br />~ As Amended <br />CO€VTINUCD TO <br />" ~ ~~ <br />~ ClaTI1J b[~G~C)~t <br />~~ ~'~ <br />Approve an increase to the Section 8 Voucher Program Payment Standard to <br />100 percent of the established Fair Market Rents. <br />REDEVELOPMENT AND HOUSING COMMYSSION RECOMMENDATION <br />Recommend that the Housing Authority approve an increase to the Section 8 <br />Voucher Program Payment Standard to x.00 percent of the established Fair <br />Market Rents by a vote of 5:0 (Betancourt, Lewis and Simons absent}. <br />DISCUSSION <br />On May 14, 1999 the Department of Housing and Urban Development (HUD) <br />published "Section 8 Tenant-Based Assistance; Statutory Merger of Section <br />8 Certificate and Voucher Programs". The new regulation merges the <br />Certificate and Voucher Programs into the new Housing Choice Voucher <br />Program. <br />Under the new Housing Choice Voucher Program all rent subsidy amounts <br />will be calculated based on a payment standard set by the Public Housing <br />Agency (PHA) anywhere between 90 to 110 percent of the HUD-published Fair <br />Market Rents (FMR}, Previously the PHA could set the payment standard <br />anywhere between 80 to 110 percent of the ~'MR. The Housing Authority is <br />currently requesting approval to adjust the payment standard to 100 <br />percent of the current FMR and to adjust annually as the FMR changes. <br />With the escalating rental market in Santa Ana, this will allow the <br />tenants to continue to obtain affordable housing and avoid paying an <br />amount greater than 30 percent of their gross a.ncome for rent. This will <br />also help ensure compliance with HUD's directive regarding maximum <br />allowable rent burden. Tf the Authority does not raise the current <br /> <br />