Shared Housing Calculator

T-Number

Number of bedrooms in entire unit*

Number of bedrooms rented by client*

Fair Market Rent (Determined by inspection as estimated monthly market rent)

Contract Rent*

Utility Allowance*

Payment Standard for smaller of voucher size or client’s "unit"*

Payment Standard for unit size*

Client Income

T-Number
Calculated Prorated Fair Market Rent
Contract Rent (smaller of Prorated FMR or contract rent for “unit”)
Prorated Utility Allowance
Gross Rent
Prorated Payment Standard Size (In Yardi: Utilize the prorated Payment Standard if less than the actual Payment Standard)
28.5% Standard Rent Calculation
Less Utility Allowance
Rent Premium
Rent Portion
HAP
50% of Adjusted Monthly Income
Results of Rent Burden Test
Contract Rent (based on income)
Maxium Contract Rent