- Tools and Templates
Date Published: October 2008
According to the HOPWA regulations, the maximum housing subsidy a client may be provided under the HOPWA program is the difference between the rent standard (FMR) or reasonable rent - whichever is lower - and the client's contribution. Rent reasonableness means that the rent charged for a unit must be reasonable in relation to rents currently being charged for comparable units in the private, unassisted market. This worksheet provides a means for project sponsors to document the rents of comparable units and thereby certify rent reasonableness.
For additional information, refer to the HOPWA Program Administration Toolkit.