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24 CFR [Code of Federal Regulations] 982.516, Family Income and Composition: Regular
and Interim Examinations
(A) Public Housing Authority responsibility for reexamination and verification.
(1) The Public Housing Authority must conduct a reexamination of family income and
composition at least annually.
(2) The Public Housing Authority must obtain and document in the tenant file third party
verification of the following factors, or must document in the tenant file why third party
verification was not available:
(i) Reported family annual income;
(ii) The value of assets;
(ii) Expenses related to deductions from annual income; and
(iv) Other factors that affect the determination of adjusted income.
(b) When Public Housing Authority conducts interim reexamination.
(1) At any time, the Public Housing Authority may conduct an interim reexamination of
family income and composition.
(3) Interim examinations must be conducted in accordance with policies in the Public
Housing Authority administrative plan.
(g) Execution of release and consent.
(1) As a condition of admission to or continued assistance under the program, the Public
Housing Authority shall require the family head, and such other family members as the
Public Housing Authority designates, to execute a HUD-approved release and consent form
(including any release and consent as required under 5.230 of this title) authorizing any
depository or private source of income, or any Federal, State or local agency, to furnish or
release to the Public Housing Authority or HUD such information as the Public Housing
Authority or HUD determines to be necessary.
24 CFR [Code of Federal Regulations] 982.507, Rent to Owner: Reasonable Rent
(a) Public Housing Authority Determination.
(1) The Public Housing Authority may not approve a lease until the Public Housing
Authority determines that the initial rent to owner is a reasonable rent.
(2) The Public Housing Authority must re-determine the reasonable rent;
(i) Before any increase in rent to owner;
(ii) If there is a five percent decrease in the published Fair Market Rent (FMR) in effect
60 days before the contract anniversary (for the unit size rented by the family) as
compared with the FMR in effect one year before the contract anniversary; or
(iii) If directed by HUD.
(4) At all times during the assisted tenancy, the rent to owner may not exceed the reasonable
rent as most recently determined by the Public Housing Authority.
(b) Comparability. The Public Housing Authority must determine whether the rent to owner is a
reasonable rent to owner is a reasonable rent in comparison to rent for other comparable
unassisted units. To make this determination, the Public Housing Authority must consider:
(1) The location, quality, size, unit type, and age of the contract unit; and
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