The Mount Vernon Housing Authority – Section 8 Rent Calculator

1) Income

Wages (monthly)

Social Security / SSI (monthly)

TANF / Cash Assistance (monthly)

Child Support (monthly)

Other Income (monthly)

Gross Monthly

$0

Annual Gross

$0

2) Allowances & Deductions (annual)

Dependents $480 each

Allowance

$0

Elderly/Disabled Household $400 once Yes

Allowance

$0

Medical Expenses annual; only above 3% of annual gross

Allowable

$0

Total Allowances

$0

Adjusted Annual

$0

Adjusted Monthly

$0

3) Total Tenant Payment (TTP) before utilities

Minimum Rent (default $50)

30% Adjusted Monthly

$0

10% Gross Monthly

$0

Total Tenant Payment (TTP)

$0

Initial lease-up mode (apply 40% cap)

4) Payment Standard & Final Breakdown

Payment Standard ($/mo)

Rent to Owner (Contract Rent)

Utility Allowance ($/mo)

Gross Rent (Rent + UA)

$0

Lower of Gross or Payment Standard

$0

HAP (Subsidy) = Lower − TTP

$0

Family Share = Gross − HAP

$0

Tenant Rent to Owner

$0

Utility Reimbursement to Family

$0