Legal Basics of Subsidized Housing Rents: Income, Formula-Based and Tax Credit Properties

Source: National Center on Law and Elder Abuse

Published: 2020

Summary:

A variety of rules govern the setting and adjustment of rents in different federally assisted rental housing programs. For most tenants in these programs, a tenant’s share of the rent is based on the tenant’s income, usually at 30% of adjusted household income. For some tenants, however, the rent may be unrelated to tenant income. This is true for: 1) tenants in privately owned, federally supported housing, without deep rental subsidies or with formula rents; 2) for certain public housing tenants who pay a “flat rent” based on reasonable market value or who are subject to minimum rents set by statute; and 3) tenants in Low Income Housing Tax Credit (LIHTC) properties where rents are set based on a percentage of the local area median income.This webinar will provide an overview of the rules governing tenant rent contributions in the major federal programs, including public housing, project-based rental assistance programs, the Housing Choice Voucher program, and LIHTC. The webinar will also review how a tenant’s rent contribution is established and adjusted in different programs, with a particular focus on the rules governing income determinations.

Presenter:Lisa Sitkin, Senior Staff Attorney, National Housing Law Project

Video Recording 

Slides 

Link: Legal Basics of Subsidized Housing Rents: Income, Formula-Based and Tax Credit Properties

Topics: Housing

Access: Web-based

Intended Use: Self-directed Learning

Audience: Community, Finance

Level: Advanced, Basic

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