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Updated about 1 year ago,
UPDATED Applicable Payment Standard
"Effective March 1, 2024, the Applicable Payment Standard (APS) for ALL MRVP mobile
voucher participants shall be equal to 110% SAFMR, except as noted. The Applicable Payment
Standard for all ZIP codes in Lynn, MA shall be 100% area-wide FMR. The Applicable Payment
Standard for Nantucket and Martha’s Vineyard shall be 110% area-wide FMR. Please see an
attached listing by ZIP code. EOHLC will make additional resources, including an Excel tool,
available to housing agencies."
https://www.mass.gov/doc/mrvp-applicable-payment-standards-e...
What does "Applicable Payment Standard" mean? Does this mean that Lynn's payment can't be less than 100% of the FMR listed on HUD's FMR website? Or does the "rent reasonableness" still apply?
I just saw this on mass.gov, and I'm having trouble understanding it. Does "applicable payment standard" include utilities?
Thanks,
Jake