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EXHIBIT 1 <br />PART III: CALCULATING FAMILY SHARE AND PHA SUBSIDY <br />6-III.A. OVERVIEW OF RENT AND SUBSIDY CALCULATIONS <br />TTP Formula [24 CFR 5.628] <br />HUD regulations specify the formula for calculating the total tenant payment (TTP) for an <br />assisted family. TTP is the highest of the following amounts, rounded to the nearest dollar: <br />• 30 percent of the family's monthly adjusted income (adjusted income is defined in Part II) <br />• 10 percent of the family's monthly gross income (annual income, as defined in Part I, divided <br />by 12) <br />• The welfare rent (in as -paid states only) <br />• A minimum rent between $0 and $50 that is established by the PHA <br />The PHA has authority to suspend and exempt families from minimum rent when a financial <br />hardship exists, as defined in section 6-III.13. <br />The amount that a family pays for rent and utilities (the family share) will never be less than the <br />family's TTP but may be greater than the TTP depending on the rent charged for the unit the <br />family selects. <br />Welfare Rent [24 CFR 5.628] <br />SAHA Policy <br />Welfare rent does not apply in this locality. <br />Minimum Rent [24 CFR 5.6301 <br />SAHA Policy <br />The minimum rent for this locality is $50. <br />Family Share [24 CFR 982.305(a)(5)] <br />If a family chooses a unit with a gross rent (rent to owner plus an allowance for tenant -paid <br />utilities) that exceeds the PHA's applicable payment standard: (1) the family will pay more than <br />the TTP, and (2) at initial occupancy the PHA may not approve the tenancy if it would require <br />the family share to exceed 40 percent of the family's monthly adjusted income. (For a discussion <br />of the application of payment standards, see section 6-III.C.) <br />City Council 5 — 221 7/15/2025 <br />