The maximum rental subsidy allowable under the Housing Trust Fund program is the difference between 30% of a tenant’s gross monthly income and the payment standard for the area.  The Administrator may approve a waiver in the event that the participant would like to lease a unit that exceeds the payment standard.  The Administrator should demonstrate that the tenant has the ability to pay more than 30% of their gross monthly income for rent without jeopardizing their housing.  

Conduct the analysis below:

Tenant Name:      
Address:      

Contract Rent	     	
Utility Allowance	     	
Gross Rent (Contract Rent plus Utility Allowance)	     	
Local Payment Standard for a _______ bedroom	     	
Gross Monthly Income	     	
30% of Gross Monthly Income
•	Gross Annual Income ÷ 12 x .30	     	
•			
		
Rental Subsidy
•	Enter the difference between 30% of Gross Monthly Income and the Local Payment Standard OR 
•	The program subsidy cap of 	, if applicable, whichever is less	     	
		
Participant Payment
•	Equals the difference between the Contract Rent minus the Rental Subsidy.	     	
Percentage of monthly income the tenant will pay towards Gross Rent 
•	Participant Payment plus Utility Allowance divided by Gross Monthly Income	     	
Is the tenant’s housing in jeopardy considering other monthly household obligations?  	 Yes    No	
Is the Administrator recommending a waiver?  	 Yes    No 	
If the Tenant is paying more than 50% of income towards the Participant Payment, please explain how the tenant will be able to afford the housing payment and other living expenses:	     	

Submitted by:	_________________________________	Date:	_________
Title:		_________________________________
Organization:	_________________________________
Approved by:    _________________________________		Date:     _________