At its October meeting, the SMHA Board of Commissioners adopted new flat rent amounts (a.k.a. “ceiling rents”) for public housing, which are set at 80% of the Fair Markets Rents (FMR) calculated by HUD for the Austin-Round Rock, TX Metropolitan Statistical Area (MSA), which includes Hays County. Residents who live in our public housing sites usually pay rent based on 30% of their adjusted gross income, after certain deductions. “Family Rent” includes required utilities such as electricity and natural gas, which are not included in their rent, therefore a certain amount (known as a utility allowance) is deducted from the rent calculation. However, when a family has enough income that their calculated rent would be close to or above market rates, they have the option to switch to the flat rent based on their unit size. There are limits on how often a family may switch between income-based rent and flat rent. Flat rents do not apply to Springtown Villa, which is a project-based Section 8 housing facility. Click on the image below to get the details.
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