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Rent Reasonableness is used to determine that HUD is not paying more than the unit is worth when compared to other units of similar age, location, size and amenities. It is also used to determine that HUD is not paying more for this unit than non-program tenants are being charged. When gross rent exceeds FMR (if a program allows), it shows that the unit is set at a fair price. It also shows that the unit is at a fair price if the gross rent is below FMR.
LEAPS has trained and certified Housing Navigators that can serve all CoC, OH! And CCSS funded programs with their initial and annual inspections.
Are you or your client struggling to find a unit that meets your client’s needs? Let LEAPS help you in that search. We can assist providers from the CoC, OH! And CCSS funded programs.
