How often do I need to conduct a rent reasonableness test?
“Annually” is correct. While the CoC Program Interim Rule does not specify how often a rent reasonableness test should be performed, an annual review is appropriate. Also, in order to keep the administrative burden to a minimum, rent reasonableness documentation does not have to be collected for each individual unit. Rather, rent data may be collected at the neighborhood or community level, as long as the staff member making the determination verifies the documentation is appropriate for the proposed unit.