|
|
RENT SUBSIDIES |
Your rent for an
apartment that JMHA operates or the unit you select under the Section 8
program with a private landlord will be subsidized based on your income
and family size. The actual rent will be approximately 30% of your
adjusted income. There are income limits so please see the Section
called “Am I Eligible”. However, after moving into a unit, there are no maximum incomes
(public housing). There are flat rents that
would apply (see “Flat Rents”).
Both the Public Housing complexes that JMHA owns and the units in the
Section 8 Program owned by private landlords have rules and procedures
that will effect the actual rent that you pay.
Listed below our standard examples (Example
A, Example B) of a family with one
parent and two children, with a specific income for both Public Housing
(at Fairview Terrace or Bundy Heights) and on Section 8 with a private landlord.
A second set of examples (Example C,
Example
D) are for a senior (over 62, disabled or handicapped) for both
Public Housing at the Cambrian, and then on Section 8 with a private
landlord.
Again, the examples are just standard, and each family’s situation
could be different. The purpose for these examples is just to give
you an idea of how rents are calculated. Examples listed below are
based on current Federal Regulation, which do change from time to time.
|
|
| Examples: |
|
| FAMILY
- PUBLIC HOUSING |
| A. The example of
rent below is for a family of three (1 adult, 2 children) with a gross
yearly income of $4476.00 living in Public Housing (Fairview Terrace or
Bundy Heights). |
| Yearly income |
$
4476.00 |
|
| Child deduction |
- 960.00 |
($480 for each child under 18
years of age) |
| Adjusted income |
3516.00 |
|
| Adjusted monthly income |
293.00 |
(adjusted
income divided by 12) |
| 30% of adjusted monthly income |
88.00 |
|
| Utility allowance |
81.00 |
(allowance for
a two bedroom apartment) |
| Monthly Rent |
$7.00* |
|
| The monthly rent is $14.00 and
the tenant would be responsible to pay for gas, electric, telephone,
and cable.
Rent is based on income and family size. The maximum amount of
rent a family with higher income for the same apartment would have to
pay would be the ceiling flat rent. |
|
| FAMILY
- SECTION 8 |
|
| B. The example of rent
below is for a family of three (1 adult, 2 children) with a gross yearly
income of $4476.00 living in housing with a Section 8 Voucher. |
| Yearly income |
$4476.00 |
|
| Child deduction |
-960.00 |
($480 for each child under 18
years of age) |
| Adjusted income |
3516.00 |
|
| Adjusted monthly income |
293.00 |
((adjusted income divided by
12)) |
| 30% of adjusted monthly income |
$88.00 |
|
| Payment standard |
439.00 |
|
| Less 30% A.M.I. |
- $88.00 |
|
| Max. Sub. ( Amt. Of Voucher) |
351.00 |
|
| Contract rent |
$375.00 |
(per private landlord) |
| Utility allowance |
$110.00 |
(allowance for a 2 bedroom
apartment) |
| * Contract rent |
$375.00 |
|
| Less Max. Sub. (voucher value) |
- $351.00 |
(Amount JMHA pays to landlord) |
| Tenant Rent |
$ 24.00** |
(Amount Tenant pays to
landlord) |
*This amount represents the
maximum amount of rent that a family could rent a unit for with this
amount of income. Rent and utilities cannot be less than 30% or
more than 40% of a family’s AMI (adjusted monthly income).
**The family is responsible to pay for the utilities
in the unit and in some cases that means all of the utilities, not just
the electric and gas. |
|
| SENIOR
HOUSING |
| C. The example of rent
below is for a person with a gross yearly income of $7800.00 living in
Senior Housing (Cambrian). |
| Yearly income |
$7800.00 |
|
| Elderly deduction |
- $400.00 |
(Elderly, Disabled, Handicapped deduction) |
| Adjusted income |
$7400.00 |
|
| Adjusted monthly income |
$617.00 |
((adjusted income divided
by 12) |
| 30% of adjusted monthly income |
$185.00 |
|
| Utility allowance |
-
0 – |
(utilities included in rent) |
| Monthly Rent |
$185.00* |
|
Rent is based on
income. The maximum amount of rent a resident with higher income
for the same apartment would have to pay would be the flat
rent.
*The monthly rent of $185.00 includes all utilities with the exception
of telephone and cable. |
|
| SENIOR
– SECTION 8 |
| D. The example of rent
below is for a person with a gross yearly income of $7800.00 living in
housing with a Section 8 Voucher. |
| Yearly income |
$7800.00 |
(elderly, disabled, or
handicapped) |
| Elderly deduction |
- $400.00 |
|
| Adjusted income |
$7400.00 |
|
| Adjusted monthly income |
$617.00 |
((adjusted income divided by
12) |
| 30% of adjusted monthly income |
$185.00 |
|
| Payment Standard |
$353.00 |
|
| Less 30% A.M.I. |
-$185.00 |
|
| Max. Sub. ( Amt. Of Voucher) |
$168.00 |
|
| Contract Rent |
$325.00 |
(per private landlord) |
| Utility Allowance |
$75.00 |
(allowance for a 1 bedroom
apartment) |
| *Contract Rent |
$325.00 |
|
| Less Max. Sub. (voucher value) |
- $168.00 |
(Amount JMHA pays to landlord) |
| **Tenant Rent |
$157.00 |
(Amount Tenant pays to
landlord) |
*This amount
represents the maximum amount of rent that a family could rent a unit
for with this amount of income. Rent and utilities cannot be less
than 30% or more than 40% of a family’s AMI (adjusted monthly
income).
**The family is responsible to pay for the utilities
in the unit and in some cases that means all of the utilities, not just
the electric and gas. |
