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The following guide provides a quick reference on the various factors that impact rent calculations at Housing Preservation and Development (HPD) and New York City Housing Authority (NYCHA) (also referred to as Public Housing Agencies, or PHAs).
NYCHA sets the household’s rent at either 30% of the household’s adjusted gross income or the flat rent, whichever is lower. Some tenants may have additional charges (such as fees for washing machine or air conditioners) or credits (for
Calculate the Gross Rent (Total Cost of Housing) . The gross rent is the entire monthly housing cost and is calculated by adding the rent paid to the owner (by both the tenant and PHA) and the utility allowance for the unit.
30 wrz 2019 · How to tell if your rent is correct: Your NYCHA rent should be 30 percent of your income after deductions. This form lists how to calculate rent and many deductions available. How to submit your recertification properly: Tenants can recertify using the online self-service system or through the kiosks located in management offices.
24 lip 2024 · NYCHA must update various internal forms (including the interim change form receipt, monthly rent statements, and rent change notices) to inform tenants of the new procedures and to remind them of their right to request an Interim Recertification if they experience a loss of income.
15 lut 2017 · NYCHA has updated its 2017 Flat Rent schedule to establish maximum rents by apartment size as mandated by the U.S. Housing and Urban Development (HUD). NYCHA residents pay either 30% of their adjusted gross household income towards rent or pay the flat rent amount, whichever is lower.
To calculate, simply divide your annual gross income by 40 - if you make $120,000 a year, you can spend $3,000 on rent. An equivalent is the 30% rule, meaning that you can put 30% of your annual gross income in rent.
