Updated and Consolidated Policy Guidance on Housing Choice Voucher (HCV) Program Payment Standards
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Summary
AI summary — grounded in the notice text
This notice consolidates HUD's policy guidance for PHAs on Housing Choice Voucher payment standards, including how FMRs and SAFMRs are used, the basic range, exception payment standards, and related regulatory changes made by the May 2024 HOTMA final rule. It supersedes prior guidance and helps PHA staff understand requirements for setting, increasing, decreasing, and documenting payment standards, including mandatory and opt-in SAFMR rules and PBV rent limits.
Key Quotes
Verbatim from the notice
“This Notice provides consolidated and comprehensive guidance to public housing agencies (PHAs) on payment standards that incorporates recent regulatory and policy guidance.”
Verbatim from the notice
“PHAs must revise the payment standard amount no later than three months following the effective date of the published FMR if a change is necessary to stay within the basic range.”
Verbatim from the notice
“PHAs must set a payment standard within the basic range of at least 90 percent, but no more than 110 percent of the applicable FMR”
Key Dates
- Published
- Sep 30, 2024
Compliance deadlines
- May 7, 2024Date HUD updated payment standard regulations through the final rule (May 2024 Final Rule)
Programs
Supersession & Extension Chain
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