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Multiply your monthly adjusted income by 0.3. Generally, HUD requires public housing residents to pay rent equal to 30 percent of their monthly adjusted income. If your adjusted monthly income is $1,000, your public housing rent, or Total Tenant Payment, is $300.
Note: To determine the average rental rate, first establish the going rate on a 10-by-10. For our example, Iâve assumed a 10-by-10 will rent for $75, or 75 cents per square foot per month. Multiply that by 12, and you get an average rental rate of $9 per square foot per year.The investment calculator helps determine if a projectâs land cost is within limits.or our example, Iâve assumed a 10-by-10 will rent for $75, or 75 cents per square foot per month. Multiply that by 12, and you get an average rental rate of $9 per square foot per year. The investment calculator helps determine if a projectâs land cost is within limits.