ALL RENT REQUEST MUST MEET RENT REASONABLENESS
The maximum amount the owner may charge for a unit is determined on a case-by-case basis which, among other criteria, includes the use of a current rental survey of comparable unassisted units in the community.
The FY 2020 Oxnard-Thousand Oaks - Ventura, CA MSA FMRs for All Bedroom Sizes
FY 2021 - 2022 FMR
- 0 BED $1,507
- 1 BED $1,792
- 2 BED $2,218
- 3 BED $3,101
- 4 BED $3,655
UTILITY ALLOWANCES SCHEDULES
The payment standards are listed above were established based on Fair Market Rent data provided by HUD. These amounts are not a guarantee of contract rent, but merely represent the maximum including owner paid utility costs set forth by HUD. It is the Housing Authority’s responsibility to determine if the requested contract rent is reasonable within current market conditions for obtaining decent, safe and sanitary, yet modest accommodations.
The Housing Authority uses a formula to determine a family’s rent contribution. The tenant portion of the rent my not exceed 40% of the family’s adjusted monthly income at lease up. The 40% figure includes an allowance of tenant paid utility costs.
The Housing Authority’s goal is to expand housing opportunities for all program participants.