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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 example, a utility allowance) added or subtracted from the rent calculation. What Is Adjusted Gross Income?
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).
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.
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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.
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Public housing apartments are owned and operated by NYCHA. More than 400,000 New Yorkers reside in one of the 178,895 apartments located around the five boroughs of New York City. The public housing waiting list has over 160,000 applications. The Section 8 Program enables eligible persons to rent privately owned apartments.
