NYCHA Rent Formula:
From: | To: |
NYCHA (New York City Housing Authority) rent is calculated as the lesser of 30% of the household's adjusted monthly income or a flat rent amount determined by NYCHA. This ensures affordable housing for low-income residents.
The calculator uses the NYCHA rent formula:
Where:
Explanation: The formula ensures residents pay the lower amount between what they can afford (30% of income) and the standard rent for their unit.
Details: Accurate rent calculation is crucial for maintaining affordable housing while ensuring NYCHA can cover maintenance and operational costs.
Tips: Enter adjusted income in USD (after all deductions) and the flat rent amount for your apartment. Both values must be non-negative.
Q1: What counts as adjusted income?
A: Adjusted income is gross income minus certain deductions like child care expenses, medical expenses for elderly/disabled, etc.
Q2: How is flat rent determined?
A: Flat rent is based on apartment size, location, and amenities, typically comparable to similar private market apartments.
Q3: Can my rent change?
A: Yes, rent is recalculated annually based on current income or if flat rent amounts are adjusted by NYCHA.
Q4: What if 30% of income is less than the minimum rent?
A: NYCHA has a minimum rent requirement (currently $50/month) that may override this calculation.
Q5: Are utilities included?
A: Some utilities may be included in the rent calculation - check with NYCHA for specific details about your apartment.