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Fact Sheet How Your Rent is Determined  Form

Fact Sheet How Your Rent is Determined Form

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How your rent is determined

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Instructions and help about hud how your rent is determined

(upbeat music) - [Narrator] Welcome to Inside Section 8, your guide to the ins and outs of HACLA's Section 8 Housing Choice Voucher program. This video's topic: how rent is calculated. Through the Section 8 program, families and individuals receive vouchers to help subsidize the cost of renting a house or apartment. Participants can choose the unit that works best for them and HACLA covers a portion of the contract rent. The amount that participants must pay each month and how much HACLA will help cover varies based on the individual participant and their chosen unit. Determining those amounts is a two-step process. Step one: finding your budget range. Knowing just how much HACLA can help you afford to pay for rent is essential to selecting the right unit. To begin, determine the total tenant payment, or TTP, the minimum amount participants must pay. The TTP will be either 30% of monthly adjusted income, your monthly income after taxes and deductions; 10% of actual monthly income; the

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