Public Notice - Proposed Payment Standard

PUBLIC NOTICE

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

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 Friday, September 9, 2022, to Sunday, October 9, 2022.

Written comments may be submitted by email to espruill@wha-nc.org, postmarked before midnight, Sunday, October 9, 2022, or sent to the following address:

Washington Housing Authority
Attn: Erica Spruill
PO Box 1046
Washington, NC 27889

Payment Standards for Beaufort County

Schedule 23
Effective 1-1-2023

Published HUD Fair Market Rent (FMR)                         Published HUD Small Area Fair Market Rents (SAFMRs)
                                                                                                                                 (by zip code)

             Surrounding areas                                                                                    27889                                                                          27817

                        (FMR)                 (Payment Standards)                    (SAFMRs)         (Payment Standards)

0 Bedroom      $623                           $685                                             $750                     $825                                            $820                   $902

1 Bedroom      $627                           $689                                             $760                     $836                                            $820                   $902

2 Bedroom     $777                            $854                                             $940                    $1034                                          $1020                 $1122

3 Bedroom     $1,077                         $1184                                           $1280                  $1408                                          $1390                 $1529

4 Bedroom      $1,324                        $1456                                           $1600                  $1760                                          $1740                 $1914

HUD publishes Proposed Fair Market Rents (FMR) 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 its payment standards from 90% to 110% of the Fair Market Rents. The rental market in each Housing Authority's local jurisdiction governs this process. Small Area Fair Market Rents (SAFMRs) are FMRs calculated for ZIP Codes within Metropolitan Areas. Small Area FMRs are required to be used to set Section 8 Housing Choice Voucher payment standards in areas designated by HUD.

WHA recommends that the Payment Standard be set at 110% of Fair Market Rent and Small Area Fair Market Rents (SAFMRs).