Rent Affordability Calculator

According to HUD regulations, Housing Choice Voucher participants may not pay more than 40% of monthly adjusted income for rent and utilities. Utility Allowance Schedules:

Duke Power 2020  Piedmont Electric 2020

The estimates provided here are for information only and are not binding for any party.

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Annual Adjusted Income
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Monthly Adjusted Income
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40% of Monthly Adjusted Income
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30% of Monthly Adjusted Income
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Difference
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Maximum Contract Rent Allowable *
555.00

Important Disclaimer: The affordability calculator only applies to new contracts. It views the landlord's requested rent from an affordability standpoint. HUD regulations stipulate that the rent be both reasonable and affordable. Therefore, even though the calculator shows that the requested rent is affordable, this does not mean that it is necessarily reasonable. Once the rent reasonableness test has been conducted, you could be presented with a final rent offer for less than your original request, because of this. Income, family composition, payment standards are subject to change after the completion of the affordability test. Unit bedroom size to be confirmed at the inspection. This calculator is a guideline for rent costs only and results are not binding. This calculator does not necessarily represent your actual final rent costs. *

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