What does maximum income mean on the Fair Market Rent (FMR) Chart?
The maximum income listed in the FMR chart is the maximum income for each apartment size that a tenant can have to be eligible for a subsidy from the Section 8 program. In other words, tenants with incomes above the maximum income would not receive a subsidy and would pay FMR. A tenant with income below the maximum would only pay 30% of his income for rent. Back to the Top • When will Section 8 vouchers be available at these developments? If this plan is approved by HUD, vouchers should be available in early 2007. Back to the Top • What should current residents do if they are interested in accepting a voucher? Interested residents should contact their Management Office and will be placed on a Section 8 waiting list for their particular development. If HUD approval is received, NYCHA staff will assist residents in completing the Section 8 application. Back to the Top • Can current residents accept a Section 8 voucher now and later switch back to public housing? No. In this circumstance,
