Sec.8-119jj-23. Rent determination

Latest version.

Rents for developments shall be determined as follows:
(1) Where federal or state rental assistance is available, the rent schedule will be determined by the rules governing the program of the federal or state agency.
(2) In developments where no rental subsidy exists, a base rent shall be established and the tenant will pay the higher of:
(A) A percentage of the adjusted gross income not to exceed thirty percent, minus a utility allowance for those tenants who pay their own utilities. The percentage shall be established by the developer and approved by the Commissioner; or
(B) A base rent established by the developer and approved by the Commissioner.

(Effective January 29, 1991)

                    
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