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HOPWA Rent Reasonableness Checklist and Certification

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Date Published: October 2008

Description

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.

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Tags: HOPWA
Author Organization
  • HUD
Resource Approver
  • HUD Approved