Rental Rates and Utility Credits
The program is an income-based program. Each rent subsidy is unique to the individual client. The rent subsidy is the difference between 30% of the referral’s income minus a designated utility credit and fair market rents.
WHAT ARE THE FAIR MARKET RENTAL RATES AND DESIGNATED UTILITY CREDIT?
| Studio | 1-BR | 2-BR | 3-BR | 4-BR | |
|---|---|---|---|---|---|
| Rental Rates | $730 | $829 | $1032 | $1281 | $1426 |
| Utility Credits | $75 | $87 | $106 | $127 | $144 |