2005-2006: Cayce Rent Determination
The Cayce Authority’s Public
Housing Program is managed by the Columbia Housing Authority.
The following rent policies apply for the Public Housing Program.
Public Housing
-
We are retaining the calculation of rent payment at greater than the 30%
adjusted monthly income, 10% of monthly income or shelter rent.
-
We are not adding any income exclusions to the statutory ones in the
calculation of adjusted income.
-
The minimum rent is $50.00.
-
We phase-in rent for
qualified residents that transition from welfare to work according to
Section 508 of QHWRA. There is
no increase in rent for the first year, it increase to 50% of the normal
increase in the second year, and is fully phased in for the third
year.
Flat Rents
The Quality Housing and Work Responsibility Act of 1998 (QHWRA) mandated that
housing authorities implement changes, effective
October 1, 1999
, regarding the calculation of rents. The
primary change was that each family that resides in public housing owned or
operated by the agency will have 2 options regarding the calculation of their
rent:
Option 1: Income-based rent
Option 2: Flat rent
In order to develop the Flat Rents, CHA considered two factors.
Housing authorities have always calculated to PUM (per unit monthly) as
part of its annual budget process. This
is the cost to the CHA to maintain and operate a public housing unit on an
average basis. The PUM for 2004-2005
is $254.00. All flat rents
determined by bedroom size exceed this amount.
The second factor compares the public housing community with local Fair Market
Rents in each area. The Columbia
Housing Authority’s Director of Inspections and Director of Development
collaborated with the Director of Public Housing to calculate the comparative
rents on the chart included in this section.
The CHA Board of Commissioners has approved the Flat Rent Structure on the
following chart. It is explained and
offered as residents interview and meet with the Manager at reexamination.
At that time, the manager explains the choices on an individual basis to
each resident. Lease Addendums are
signed, verifying the choice of rents.
Cayce Housing Authority
Flat Rent Schedule
| Bedroom Size |
Flat Rent |
| 1 |
$350.00 |
| 2 |
$400.00 |
| 3 |
$450.00 |
| 4 |
$500.00 |
These
rents became effective
January 1, 2002
. The CHA has decided to retain
these flat rents for 2005.
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