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Payment Standards

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View the HCV Payment Standards Map

View the HCV Guidebook

Payment Standards: Effective November 1, 2024

Definition of Payment Standard

  • 24 CFR 982.4
    • Payment standard. The maximum monthly assistance payment for a family assisted in the voucher program (before deducting the total tenant payment by the family).

    • Annually HUD publishes a Fair Market Rent (FMR) report, and it is at the housing authority's discretion to set the Payment Standard between 90%-110% of this FMR. ​​

      The Payment Standard is used to calculate the housing assistance payment (HAP) for a family.  

      PLEASE NOTE:  PAYMENT STANDARDS SHOULD NOT BE UTILIZED AS "RENTAL AMOUNTS". 

      Contract rents should be based on the market, as all units will go through a Rent Reasonableness test to compare the rental amounts with other similar unassisted units.  

Use of the Payment Standard

  • 24 CFR 982.505
    • A payment standard is used to calculate the monthly housing assistance payment (HAP) for the family.
    • The payment standard for the family is the lower of:
      • The payment standard amount for the family unit (voucher) size
      • The payment standard amount for the size of the dwelling unit rented by the family