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this is Lous Bramlett coming to you from our training center Im going to spend a few minutes learning how to calculate the maximum allowable rent for the tax credit program 1 if youre new to this program is calculate rent in this killer program for our tax credit units is very different than how you may be used to calculating the tenants rent and say the section 8 or public housing program the main allowable rent which we learn to calculate using a formula is gross rent cludes a utility allowance thats representative of the average monthly rent average monthly cause for utilities pay rectly by the residents paid out of their own pockets there get to keep a portion of the gross rent to purge those utility bills thats their utility allowance if leftover is the maximum what the owner charged them and it front is the slim rent the owner can actually charge the resident is the ranch we calculate by formula its not the utility allowance in program maximum rent is based on not the famil