What are the timeframes for PHAs to convert from ceiling rents to flat rents? Can PHAs retain ceiling rents?
Per 24 CFR 960.253(d), a PHA 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 three-year period, a PHA must adjust such ceiling rents to the level required for flat rents under this section. It is important to note that PHAs may continue to impose a ceiling on tenant rents as an income-based rent option, but again, these rents must be at the level of flat rents.
