02/26/2021

Public Notice - Seeking Public Comment on Proposed Payment Standards

Washington Housing Authority seeks public comment on the proposed payment standards.

The Washington Housing Authority (WHA) invites all interested parties to review and comment on the proposed payment standard. The WHA's payment standard will be available for review on the WHA's website during the period of Tuesday, March 2, 2021 to Thursday, April 1, 2021.

Written comments may be submitted by email or postmarked before midnight, Thursday, April 1, 2021 and sent to the following address:

Washington Housing Authority
Attn: Tiara Woods
PO Box 1046
Washington, NC 27889

Published HUD Fair Market Rent

0 Bedroom $579
1 Bedroom $582
2 Bedroom $693
3 Bedroom $954
4 Bedroom $958
5 Bedroom $1102

Payment Standards

0 Bedroom $579
1 Bedroom $582
2 Bedroom $693
3 Bedroom $954
4 Bedroom $958
5 Bedroom $1102

HUD publishes Proposed Fair Market Rents in September and finalizes them in October. The Housing Authority is required to implement these rents in a method called Payment Standards. Each PHA can set their payment standards from 90% to 110% of the Fair Market Rents. The rental market in each Housing Authority's local jurisdiction governs this process. WHA recommends that the Payment Standard be set at 100% of Fair Market Rent.

The FMRs for unit sizes larger than four bedrooms are calculated by adding 15 percent to the four-bedroom FMR, for each extra bedroom. For example, the FMR for a five-bedroom unit is 1.15 times the four-bedroom FMR, and the FMR for a six-bedroom unit is 1.30 times the four-bedroom FMR.