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30% Income Rule ing to this rule, multiply gross monthly income by 0.30 to find the maximum affordable rent. For example, if gross monthly income is $5,000, maximum rent would be $1,500 (5,000 x 0.30 = 1,500).
Subtracting from the annual Gross Non-Excluded Income the Mandatory Deductions listed below to get the Annual Adjusted Income. 4. Dividing by 12 to get the Adjusted Monthly Income. (Total Tenant Payment is generally 30% of the Adjusted Monthly Income.)
The Sacramento Housing and Redevelopment Agency was created to ensure the ongoing development of affordable housing and to continuously fuel community redevelopment projects in the city and county of Sacramento.
Institutional Investments - SHRA - Social Housing Regulatory Authority.
To determine the amount of resident rent: Calculate the following values: 30 percent of Monthly Adjusted Income (divide the Adjusted Annual Income by 12 and multiply by 0.3) 10 percent of Monthly Gross Income (divide the Total Annual Income by 12 and multiply by 0.1)
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Official HUD forms used in all programs and other commonly used forms are available online to print and download. Printed forms can be ordered online through the Direct Distribution System or by telephone at (800) 767-7468.

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