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.

Please fully and correctly complete the required/highlighted fields below.

Gross Annual Income
If income is a monthly source, multiply by 12; if weekly source, by 52; if hourly, multiply hourly rate x hours per week x 52, etc.

Deductions
$480 per child under 18, or full time student 18+ (12 credits+) or disabled child over 18 and if head, spouse or sole member is 62+ or disabled, allow $400 deduction. Other deductions may apply. Call your PHA.

Annual Adjusted Income

Monthly Adjusted Income

40% of Monthly Adjusted Income

30% of Monthly Adjusted Income

Difference

Select Unit Bedroom Size

Estimated Utilities for Selected Unit
See Utility schedule for the unit you wish to live. Select area, unit size, type and utilities and appliances you will be responsible for, or call your PHA.

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. *

Please fully and correctly complete the required/highlighted fields above.

Available Downloads & Links

2020 DHA Payment Standards (62.0K)
Utility Allowance - Piedmont Electric (147.1K)
Utility Allowance - Duke Power (143.3K)

Important Usage Note

Some documents on the website are only provided in PDF format and do require the free Adobe Acrobat Reader. Click here to download the Adobe Acrobat Reader.