Resolutions: HCV Payment Standards

Date Posted September 28, 2023
Effective Date October 1, 2023

After reviewing the FMR/SAFMR information for 2024, I have the following suggestion.

• Payment standard be reduced from 110% to 100%
• Continue to utilize the small area fair market rent along with the county-wide FMR.

2023
27889

• 0 - $750
  • 110% - $825
• 1 - $760
  • 110% - $836
• 2 - $940
  • 110% - $1034
• 3 - $1280
  • 110% - $1408
• 4 - $1600
  • 110% - $1760

27817

• 0 - $820
  • 110% - $902
• 1- $820
  • 110% - $902
• 2- $1020
  • 110% - $1122
• 3- $1390
  • 110% - $1529
• 4- $1740
  • 110% - $1914

Beaufort Co

• 0 - $623
  • 110% - $685
• 1 - $627
  • 110% - $689.7
• 2 - $777
  • 110% - $855
• 3 - $1077
  • 110% - $1185
• 4 - $1327
  • 110% - $1460

2024
27889

• 0 - $860
  • 100% - $860
• 1 - $860
  • 100% - $860
• 2 - $1070
  • 100% - $1070
• 3 - $1450
  • 100% - $1450
• 4 - $1820
  • 100% - $1820

27817

• 0 - $930
  • 100% - $930
• 1 - $930
  • 100% - $930
• 2 - $1160
  • 100% - $1160
• 3 - $1580
  • 100% - $1580
• 4 - $1970
  • 100% - $1970

Beaufort Co

• 0 - $668
  • 100% - $668
• 1 - $672
  • 100% - $672
• 2 - $856
  • 100% - $856
• 3 - $1166
  • 100% - $1166
• 4 - $1453
  • 100% - $1453

By adjusting from 110% to 100%, there is not a significant difference between the 2023 rates. this will help to ensure the rates are not getting overly inflated.