Proposed HUD rule could help rising Housing Authority rents

September 15, 2015
A proposed rule change in the way flat rents are calculated by the U.S. Department of Housing and Urban Development could help ease the costs for residents of the Housing Authority of Bowling Green.
     Calculating flat rents in comparison to rents in the Bowling Green area has meant high-percentage rent increases for authority residents.
     HUD has required since last year that public housing rents be increased to within 80 percent of a city’s market value monthly rents. A 35 percent capped increase is slated over three years and the first monthly rent increase was levied in October. The monthly increases range from $86 to $229, depending on the number of bedrooms, not only in Bowling Green but also in public housing across Kentucky.
     Formal comments on the new proposal are being submitted to HUD until Nov. 9 on an option for public housing authorities to submit market studies to show how the federal calculation of their rent needs to be adjusted.