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Your rent, which is referred to as the Total Tenant Payment (TTP) in the Public Housing Program, would be based on your family's anticipated gross annual income less deductions, if any.
HUD regulations allow Housing Agencies (HAs) to exclude from annual income the following allowances:
· $480 for each dependent;
· $400 for any elderly family, or a person with a disability; and
· Some medical deductions for families headed by an elderly person or a person with disabilities.
Based on your application, the HA representative will determine if any of the allowable deductions should be subtracted from your annual income. Annual income is the anticipated total income from all sources received from the family head and spouse, and each additional member of the family 18 years of age or older.
The formula used in determining the TTP is the highest of the following, rounded to the nearest dollar:
· 30% of the monthly adjusted income. (Monthly Adjusted Income is annual income less deductions allowed by the regulations);
· 10% of monthly income;
· Welfare rent, if applicable; or
· A $25 minimum rent or higher amount (up to $50) set by an HA.
Public Housing Program - Overview
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