This process is for properties funded with OHCS HOME and/or Housing Trust Fund resources where Federal regulations require state and local agencies to approve rents annually, regardless of any increase.
This process can also include up to five percent (5%) increase in current rents with or without a bifurcation of new resident rents.
Any rent increase of greater than five percent (>5%) for any unit type MUST follow the Rent Increase Request (RIR) process.
Rent Rate Approval Form - HOME and HTF
RRA Approval Worksheet.xlsx