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“HOW YOUR RENT IS DETERMINED”

FACT SHEET For HUD ASSISTED RESIDENTS Section 202/162 project Assistance Contract (PAC) Section 202/811 project Rental Assistance Contract (PRAC) HOW YOUR RENT IS DETERMINED Office of Housing **June 2007** This Fact Sheet is a general guide to inform the Owner/Management Agents (OA) and HUD-assisted residents of the responsibilities and rights regarding income disclosure and verification. Why Determining Income and Rent Correctly is Important Department of Housing and Urban Development studies show that many resident families pay incorrect rent.

Section 202/162 – Project Assistance Contract (PAC) Section 202/811 – Project Rental Assistance Contract (PRAC) “HOW YOUR RENT IS DETERMINED” Office of Housing **June 2007** This Fact Sheet is a general guide to inform the Owner/Management Agents (OA) and HUD-assisted residents of the responsibilities and rights

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