RESIDENT NOTICE

PROPOSED CHANGES TO BHA PUBLIC HOUSING FLAT RENTS

September 14, 2018

 

On January 17, 2014, the President signed the Department of Housing and Urban Development Appropriations Act, 2014.  Section 210 of that act amended the United States Housing Act of 1937 to create new rules for flat rents for public housing residents.

The 2014 Appropriations Act requires PHAs to establish flat rents at no less than 80 percent of the fair market rent (FMR) to be updated annually. If the current flat rents are below the threshold, the PHA is required to revise its flat rent schedule to at least 80 percent of FMR.

Below are the figures used to determine if the BHA’s flat rent schedule meet HUD requirements.

 

FY 2019 Fair Market Rents for Monroe County Indiana

Efficiency	One-Bedroom	Two bedroom	Three-Bedroom	Four-Bedroom	Five-Bedroom
$697.00	$736.00	$945.00	$1241.00	$1660.00	$1909.00

 

80% of FY 2016 Fair Market Rents

Efficiency	One-Bedroom	Two-Bedroom	Three-Bedroom	Four-Bedroom	Five-Bedroom
$557.00	$588.00	$756.00	$992.00	$1,328.00	$1527.00

 

Bloomington Housing Authority’s current flat rent schedule

Efficiency	One-Bedroom	Two-Bedroom	Three-Bedroom	Four-Bedroom	Five-Bedroom
$550.00	$580.00	$740.00	$1005.00	$1295.00	$1,485.00

 

Proposed new Flat rent schedule based on 80% of 2014 Fair Market rents

Efficiency	One-Bedroom	Two-Bedroom	Three-Bedroom	Four-Bedroom	Five-Bedroom
$560.00	$590.00	$760.00	$1000.00	$1,330.00	$1,530.00

 

Because the current flat rents are set below 80 percent of the Fair Market rents, adjustments must be made to meet the guidelines.  The chart above reflects the proposed changes to the current flat rent schedule.

If you have any comments to the proposed flat rent changes they must be submitted in writing to the Janice Price, Public Housing Property Manager, 1007 N. Summit St. Bloomington, IN 47404 within 30 days of date of this notice.