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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.
On October 31, 2014, HUD issued a new HUD Notice, Housing Notice 2014-15 âPassbook Savings Rate Effective February 1, 2015 and Establishing Future Passbook Savings Ratesâ. Currently, the HUD passbook rate is 2%. Effective February 1, 2015, the HUD passbook rate will be reduced to 0.06%.