2023 Maximum Rental Rates

TABLE III - APCHA Regulations, page 16

Maximum Monthly Rental Rates for DEED-RESTRICTED rental units
**Certain Property Deed-Restrictions allow for rental rates exceeding the rates below**

Table III sets forth the maximum monthly rental rates for deed-restricted affordable housing units. The rental rates apply and shall be in effect for at least a 6-month period from the commencement date of the initial lease. Thereafter, the maximum monthly rental rate may be increased only to the extent that the Regulations in effect permit. If there is a conflict between the Regulations and the deed-restriction on the rental property, the most restrictive document will prevail. Section 6.D.1.a, below, for additional criteria.

6.D.  Rental and Sale of Newly Deed-restricted Units

1. Rental
   
   
   1. Maximum Rental Rates for Newly Deed-restricted Units
      
      Maximum Monthly Rental Rates for Newly Deed-restricted Affordable Housing units shall be as specified in Table III of these Guidelines.
      
      Beginning rental rates for newly deed-restricted rental units shall remain in effect during the entire lease period. After that time, rental rates may be increased in accordance with the current Maximum Annual Rental Rate Adjustment, a percentage adjustment revised annually. See Table VIII (APCHA Guidelines).

Table III sets forth the maximum monthly rental rates for deed-restricted affordable housing units. The rental rates apply and shall be in effect for at least a 6-month period from the commencement date of the initial lease. Thereafter, the maximum monthly rental rate may be increased only to the extent that the Guidelines then in effect permit. If there is a conflict between the Guidelines and the deed-restriction on the rental property, the most restrictive document will prevail. The following additional criteria shall be followed:

• Maximum rental rates shall apply whether the units are provided furnished or unfurnished.
• Rental rates cannot be increased to pay for, the following:
  • Cost of electricity, gas, water and sanitation in common areas;
  • Condominium dues/assessments;
  • Management costs;
  • Property taxes;
  • Landscaping costs;
  • Snow plowing/shoveling;
  • Condominium Insurance
• Additional costs that can be charged to the tenant, but must be verified by APCHA, are:
  • Electricity, gas and/or water if not separately metered – costs must be based on the tenant’s share of such utilities attributable to the tenant’s net livable area. Tenants shall be responsible for individually metered utilities.
  • Trash, but proportionally based on the tenant’s net livable area.
  • Other operational costs only when reviewed by APCHA and approved to be charged, must be based on the tenant’s share attributable to the tenant’s net livable area.
• Prior to occupancy of a deed restricted rental unit, the APCHA must qualify the tenant. All verification required under these Guidelines must be provided. The tenant must provide the owner/landlord with proof of verification and qualification by the APCHA prior to occupancy. The owner shall be required to provide a copy of the lease agreement to the APCHA for approval.  Leases shall meet occupancy standards and allowable rental rates and shall be for a minimum term of six consecutive months.  Owner shall provide an executed copy of the lease to the APCHA prior to occupancy. 
• Persons employed by an owner/operator shall be given first priority to rent affordable housing units associated with a lodge, agricultural operation, or commercial development, when ownership has been retained by the owner/operator of the development.  Employees must meet the APCHA’s Guidelines for occupancy, income and assets criteria in order to qualify to occupy the unit(s).  In the event there are no persons directly employed by the owner who qualify, the unit shall then be offered to other qualified persons according to the Guidelines.  (Affordable Housing [AH] Zone development is exempt from this section.)
• All deed restricted affordable housing rental units must comply with all rules, regulations and codes of all governmental bodies and agencies having jurisdiction.  The owner of affordable housing rental units, at its cost and expense, must keep and maintain the interior and exterior of the total structure (including all residential units therein) and the adjacent open areas in a safe and clean condition and in a state of good order and repair, reasonable wear and tear and negligent or intentional damage by tenants excepted.
• A rental unit vacant for more than forty-five (45) days prior to initial lease or between qualified tenants shall be made available for tenants selected through APCHA.
  
  Rental rates for dormitory and other on-site employee units shall be calculated on a case-by-case basis and approved by APCHA, in consideration of the unique and varying characteristics of each facility, with affordability as a key factor. Rates shall not include the cost of utilities in common areas, condominium dues, management costs and taxes.