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Can a PHA continue to use ceiling rents as a cap on the income based-rent in addition to having flat rents?

April 26, 2017addition cap ceiling Continue flat income PHA rents

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Can a PHA continue to use ceiling rents as a cap on the income based-rent in addition to having flat rents?

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A2: A PHA can continue to have ceiling rents as a cap on the income-based rent. PHAs may retain ceiling rents that were authorized and established before October 1, 1999, for a period of three years from October 1, 1999. After this period, the PHA must adjust ceiling rents to the level required for flat rents. (See 960.253 (d))or absorb any costs associated with retaining lower ceiling rents.