Exam (elaborations)
HCV Specialist (Calculating Rent And HAP Payments) – Questions With Accurate Answers
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HCV Specialist (Calculating Rent And HAP Payments) – Questions With Accurate Answers
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HCV Specialist (Calculating Rent And HAP Payments) –Questions With Accurate Answers
Housing Assistance Payment (HAP) Right Ans - the monthly assistance
payment by a PHA and is calculated as the lower of: 1) the payment standard
for the family minus the total tenant payment (TTP); or 2) the gross rent
minus the TTP
Maximum Initial Rent Burden; also known as the Maximum Family Share or
"The 40 Percent Rule" Right Ans - the maximum rent burden at initial
occupancy (when the family initially moves into the unit or signs the first
assisted lease for a unit). The family may pay the total tenant payment plus
the amount by which the gross rent for the unit selected exceeds the
applicable payment standard so long as the resulting family share does not
exceed 40 percent of the family's monthly adjusted income.
Maximum Subsidy Right Ans - the maximum amount of subsidy that the
PHA can pay for a participant in the HCV program and is calculated as the
payment standard minus the total tenant payment (TTP)
Minimum Rent Right Ans - is the PHA-determined minimum TTP amount.
The minimum rent is the least a family will contribute toward rent and
utilities. The PHA can set the minimum rent anywhere from $0 to $50
Monthly Adjusted Income Right Ans - one twelfth of adjusted income.
Monthly Income Right Ans - one twelfth of annual income
Noncitizen Right Ans - a person who is neither a citizen nor national of the
United States
Payment Standard Right Ans - the maximum monthly assistance payment
for a family assisted in the voucher program (before deducting the total
tenant payment by the family)
Prorated Assistance Right Ans - for families that include both members
who are citizens or have eligible immigration status and members who do not
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