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Rent or Mortgage. You should expect to spend between 25 to 30 percent of your net income each month on rent or mortgage. Landlords and property managers typically require you to make at least 2.5 to three times the rent to qualify as a tenant.
Tenants who receive housing choice vouchers have to contribute a tenant portion to the rent. The amount that the tenant must contribute will be the greater of: 30 percent of their monthly adjusted income. 10 percent of their monthly gross income. The welfare rent. or. The minimum rent amount set by the PHA.