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What are the limits on the amount of rent that can be charged in an AHP-assisted project?

April 26, 2017ahp-assisted charged limits project rent

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What are the limits on the amount of rent that can be charged in an AHP-assisted project?

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• • Use Rental Projects Worksheets Tab B (AHP/APP-108) to calculate the maximum rent that can be charged which is 30% of the income of a household earning the maximum income in each targeting band for the household size given on the worksheet for each bedroom-type. If a tenant receives some type of rental assistance, a higher rent level (such as the Fair Market Rent) may be used for the unit, subject to the consent of the agency that has agreed to provide the rental assistance.