A
VI
TU
IS
M
O
A
Rent Calculation Study
N
Guide: Guaranteed Success
JP
all Exams Questions AND
Answers!
, HUD recommends that pay stubs be dated within how many days of interview date? -
ANSWER 60 days
If PHA increases its payment standard during the term of a HAP contract, when will the
increased payment standard be applied to the family? - ANSWER At the family's
first annual reexamination after the payment standard was increased.
If PHA decreases its payment standard during the term of a HAP contract, when will the
A
decreased payment standard be applied to the family? - ANSWER May not be
applied earlier than the effective date of family's second regular reexamination following
VI
the effective date of the decrease in payment standard amount.
Total Family Share - ANSWER Total amount HUD rent formula requires tenant to
TU
pay toward rent and the PHA's utility allowance for the unit
Tenant Rent to Owner - ANSWER Portion of rent paid to owner by family
IS
Utility Reimbursement to Family - ANSWER Portion of HAP that exceeds the
amount of rent to owner
M
Utility Allowance - ANSWER Estimate calculate from schedule of utility costs for
utilities not included in owner's rent
O
Fair Market Rent - ANSWER Figure established by HUD by bedroom size to assist
PHA in the determination of payment standard schedule
A
Payment Standard - ANSWER A figure which establishes the max amount amount
of subsidy a family can receive in the tenant based assistance program
N
Total HAP - ANSWER Lower of gross rent or payment standard minus total tenant
JP
payment
How do you compute income that you know will last for part of the year? - ANSWER
May annualize it for average of known sources, and conduct interim when it ends
Who is considered a dependent? - ANSWER A member of family (excluding head,
co-head, spouse, foster children/adults, and live in aid) who is under 18 years of age or
who is person w/ disabilities or a full time student
VI
TU
IS
M
O
A
Rent Calculation Study
N
Guide: Guaranteed Success
JP
all Exams Questions AND
Answers!
, HUD recommends that pay stubs be dated within how many days of interview date? -
ANSWER 60 days
If PHA increases its payment standard during the term of a HAP contract, when will the
increased payment standard be applied to the family? - ANSWER At the family's
first annual reexamination after the payment standard was increased.
If PHA decreases its payment standard during the term of a HAP contract, when will the
A
decreased payment standard be applied to the family? - ANSWER May not be
applied earlier than the effective date of family's second regular reexamination following
VI
the effective date of the decrease in payment standard amount.
Total Family Share - ANSWER Total amount HUD rent formula requires tenant to
TU
pay toward rent and the PHA's utility allowance for the unit
Tenant Rent to Owner - ANSWER Portion of rent paid to owner by family
IS
Utility Reimbursement to Family - ANSWER Portion of HAP that exceeds the
amount of rent to owner
M
Utility Allowance - ANSWER Estimate calculate from schedule of utility costs for
utilities not included in owner's rent
O
Fair Market Rent - ANSWER Figure established by HUD by bedroom size to assist
PHA in the determination of payment standard schedule
A
Payment Standard - ANSWER A figure which establishes the max amount amount
of subsidy a family can receive in the tenant based assistance program
N
Total HAP - ANSWER Lower of gross rent or payment standard minus total tenant
JP
payment
How do you compute income that you know will last for part of the year? - ANSWER
May annualize it for average of known sources, and conduct interim when it ends
Who is considered a dependent? - ANSWER A member of family (excluding head,
co-head, spouse, foster children/adults, and live in aid) who is under 18 years of age or
who is person w/ disabilities or a full time student
