2013 CMHA HCVP Admin Plan - Cuyahoga Metropolitan Housing ...
2013 CMHA HCVP Admin Plan - Cuyahoga Metropolitan Housing ...
2013 CMHA HCVP Admin Plan - Cuyahoga Metropolitan Housing ...
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<strong>Housing</strong> Assistance Payments, termination of <strong>Housing</strong> Assistance Payments and termination of<br />
the contract)<br />
4. Annual Adjustment of Rent to Owner [24 CFR 982.519].<br />
Contract Rent for the first year remains unchanged. A request for an adjustment in<br />
Contract Rent can be made after the first anniversary date if:<br />
a) Rent to owner will not be increased unless the owner requests the increase by giving<br />
notice to the PHA.<br />
b) The owner has complied with all requirements of the HAP contract, including<br />
compliance with the HQS.<br />
c) Rent to owner will only be increased for <strong>Housing</strong> Assistance Payments covering<br />
months commencing on the later of:<br />
i. The first day of the first month commencing on or after the contract anniversary<br />
date.<br />
ii. At least sixty days after the PHA receives the owner’s request.<br />
d) The rent to owner may be adjusted up or down. Any increase in owner rent will be the<br />
lesser of the amount of increase requested by the owner, or an amount that does not<br />
exceed the prevailing annual percentage increase evident in the market area.<br />
Copyright 2000 by Nan McKay & Associates<br />
To be printed only with permission of Nan McKay & Associates<br />
Unlimited copies may be made for internal use<br />
Approved by <strong>CMHA</strong> Board of Commissioners<br />
October 3, 2012<br />
102 | P a g e