What must an owner do if they wish to change the rent?

When an owner wishes to change the rent on a subsidized unit under the Housing Choice Voucher program, they are required to inform the Public Housing Authority (PHA) by giving them 60 days notice. This is an important step in the process, as it provides the PHA sufficient time to assess the proposed rent increase and determine whether it is still within the allowable limits established by HUD regulations. Additionally, this notice period allows for coordination with tenants, ensuring they are aware of potential changes to their rental obligations.

This provision is in place to protect both the tenants and the integrity of the Housing Choice Voucher program, facilitating ongoing communication and allowing the PHA to ensure that rents remain affordable and reasonable for voucher holders. By requiring 60 days of notice, the system fosters a level of transparency and accountability between property owners, tenants, and the overseeing authorities.