Res 00-07HTHE HOUSING AND REDEVELOPMENT AUTHORITY
OF THE CITY OF MOUND
RESOLUTION # 00-7
Tenant Choice in Rent - Flat Rent Policy
The Quality and Work Responsibility Act of 1998 requires each Housing
Authority establish a Tenant Choice in Rent Policy. A primary component of
this policy includes determining a market value for the public housing units
and setting a flat rent. To establish a flat rent the HRA will on an annual
basis review the area fair market rents as published by HUD and compare
them with the actual rents being charged in similar apartments within the city
of:rr[oCt n D
Each year during the annual recertification process the family will receive
written notification of their choices in rent. They will include:
· Income based rent (the higher of 10% of unadjusted monthly income or
30% of adjusted monthly income)
· Flat rent for the size unit they reside in
· Minimum rent if applicable
The family will have 10 days to make their choice in rent payment
calculations.
Date
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