Notice of Public Hearing on Flat Rents and Significant Amendment
Public Notice is hereby given to the Residents of the Housing Authority of the County of Franklin, Resident Advisory Board and all persons interested, that the Housing Authority is required to implement new statutory requirements (Public Law 113-76, of the Fiscal Year 2014 Appropriations Act) from the U.S. Department of Housing and Urban Development (HUD) regarding the new flat rent requirements.
The public comment period will begin Friday, August 1, 2014 and end Monday, September 15, 2014 at the conclusion of the public hearings. The Public Hearings will be held on Monday, September 15, 2014 at 3:00 pm at the Housing Authority Main office, located at 436 W. Washington Street, Chambersburg, PA.
A copy of the Amended Agency Plan for FY 2014 will be available for review, commencing Friday, August 1, 2014 on our website www.fcha.net.
All residents are encouraged to attend. All oral and/or written comments submitted before or at the public hearing will be considered. No comments will be considered after the public hearing.
Flat Rent Significant Amendment
The Housing Authority of the County of Franklin hereby amends its flat rent policies to comply with the statutory changes contained within, Public Law 113-76, the Fiscal Year 2014 Appropriation Act.
The Housing Authority of the County of Franklin will set the flat amount for each public housing unit that complies with the requirement that all flat rents be set at no less than 80% of the applicable Fair Market Rent (FMR) adjusted, if necessary, to account for reasonable utilities costs. The new flat rental amount will apply to all new program admissions effective October 31, 2014. For current program participants that pay the flat rental amount, the new flat rental amount will be offered, as well as the income based rental amount, at the next annual rental option.
The Housing Authority of the County of Franklin will place a cap on any increase in a family’s rental payment that exceeds 35%, and is a result of changes to the flat rental amount as follows:
- Multiply the existing flat rental payment by 10% and compare that to the updated flat rental amount
- The PHA will present two rent options to the family as follows: a) the lower of the product of the calculation and the updated flat rental amount b) the income based rent
Need Assistance in Buying Your First Home?