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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 330. Oklahoma Housing Finance Agency |
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Chapter 50. Section 8 Existing Housing Program Rules |
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Subchapter 21. Owner Rents, Rent Reasonableness, and Payment Standards [revoked] |
SECTION 330:50-21-3. Owner payment in the voucher program
Latest version.
- (a) The maximum subsidy for each family is determined by the Payment Standard for the Voucher size issued to the family, less 30% of the family's Monthly Adjusted Income. The actual subsidy level could be less if the family is required to pay the Minimum TTP (10% of the family's Monthly Income).(b) The Voucher size issued to the family is based on the OHFA's Subsidy Standards. The payment standard for the family is based on the lesser of the Payment Standard for the Voucher size issued and the Payment Standard for the unit selected.(c) The HAP to the owner is the lesser of the subsidy described above or the rent charged by the owner.