The following outlines the process an HCV participant must follow to obtain a lease.
The HCV participant must locate a landlord willing to participate with the program.
The landlord must screen the family, conduct reference, and background checks, and
determine whether the family is suitable to rent their unit.
Once a participant finds a unit, and the landlord agrees to rent the unit to the participant,
the landlord and participant must complete a Request for Tenancy Approval and other
necessary documents. These forms must then be returned to LHC to start the leasing
LHC has five business days to determine if the participant is income eligible for the
unit. Eligibility is determined based on the participant’s current household composition,
current household income, eligible deductions and expenses, along with the gross rent
of the unit.
The formula used in determining the Total Tenant Payment is the highest of the following, rounded to the nearest dollar:
30 percent of the monthly adjusted income. (Monthly Adjusted Income is annual income less deductions allowed by the regulations);
10 percent of monthly income;
welfare rent, if applicable; or
a $25 minimum rent or higher amount (up to $50) set by an HA.
If the participant is income eligible for the unit and the rent is reasonable an inspection
will be scheduled. If not, the landlord and the family are notified and the family must find another unit.