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How often does a PHA have to update its payment standards?

April 26, 2017payment PHA Standards

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How often does a PHA have to update its payment standards?

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A PHA must update its payment standards in accordance with its written policies. Per 24 CFR 982.54(d)(14), a PHA must have a policy for establishing and revising voucher payment standards. That said, in accordance with 24 CFR 982.503(b), the payment standards must always be within 90 to 110 percent of the currently published FMR.