The Housing Choice Voucher Program is a Federally Subsidized program through the Housing of Urban Development (HUD).
In this program, the tenant's portion is based on income and any difference over the Payment Standard the owner is charging.
We determine 30% of your monthly adjusted income. From that figure we subtract our utility allowance for any utilities that you have to pay out of pocket. That calculated figure is the amount you, the tenant, pay to the owner each month plus the overcharge the landlord may be asking.
The Payment Standard is the maximum allowable gross rent the Housing Authority can pay up to on your behalf.
Your subsidy is the difference between the Payment Standard and your 30% adjusted income.
Please note that the SHA does not have any funding available for help with Security Deposits. You will be responsible to pay the full deposit.
Please note that the SHA also does not pay any application fees when applying for an apartment.
The rent subsidy you are eligible for is based on your voucher size and income and the contract rent the owner is requesting.
All three factors have an impact on your portion of the rent.