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Welcome to HUDs Housing Choice Voucher Overviews. This video will discuss the Payment Standard Tool. Today we hope you learn a bit more about this tool and how it can help PHAs in their payment standard decision-making process. This presentation will cover one of the three tools provided by the Tool of Tools, the Payment Standard Tool. The other tools are HCV Analysis Tool, or HAT, and the Drill-Down Report and are discussed in a separate video. Each of these tools provides a variety of data analysis to assist PHAs in understanding their overall voucher program. They serve as a compliment to the Two-Year Tool and, all together, assist a PHA in running an optimized HCV program. The payment standard is the allowance that will determine a familys subsidy. It is determined by the PHA. The basic range for the payment standard is 90%-110% of the published Fair Market Rent (or, where applicable, Small Area FMR). The payment standard plays a major role in determ