Payment Standards

 Payment Standards Information

Standing Rock Housing Authority’s Payment Standard equal --- ADD VALUE HERE --- of Current Year Fair Market Rents

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).

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

 



Note:
Payment standards are used to calculate amount of subsidy (Housing Assistance Payment and tenant rent portion); and not necessarily the amount a landlord can charge for rent.

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