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RESOLUTION 2021- 051 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, APPROVING PAYMENT STANDARDS FOR <br />BEGINNING FISCAL YEAR 2022 FOR THE HOUSING <br />CHOICE VOUCHER PROGRAM. <br />WHEREAS, Indian River County is considered an HCV Program Housing Agency by the <br />United States Department of Housing and Urban Development (the Department) as the County <br />administers the Housing Choice Vouchers (HCV) program County -wide for all residents <br />(formerly known as Section 8 Housing); and <br />WHEREAS, the Department annually publishes the Fair Market Rent (FMR) in the <br />Federal Register to be used by Program Housing Agencies such as Indian River County; and <br />WHEREAS, Department regulations mandate all HCV Program Housing Agencies that <br />administer Housing Choice Vouchers adopt these Payment Standards between ninety percent <br />(90%) and one hundred ten percent (110%) of the Fair Market Rent established by the <br />Department and for a reasonable accommodation Payment Standard for each bedroom size <br />can go up to 120%, per HUD guidelines; and <br />WHEREAS, the Indian River County Board of County Commissioners has adopted the <br />Housing Choice Voucher Program current Payment Standards set between ninety percent <br />(90%) and one hundred ten percent (110%) of the FMR; and <br />WHEREAS, the Indian River County Board of County Commissioners requires an <br />adjustment to adopt the Housing Choice Voucher Section 8 Program Payment Standards, <br />effective October 1, 2021, and these standards are set between ninety percent (90%) and one <br />hundred ten percent (110%) of FMR, and <br />WHEREAS, HUD regulations require annual adoption and approval of Payment <br />Standard Amounts: <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br />1. The Board hereby adopts and approves the adjustment of the Payment Standard <br />amounts to be within ninety percent (90%) and one hundred ten percent (11049. and for all <br />bedroom sizes up to 120% based on a reasonable accommodation of Fair Market Rent not to <br />exceed 40% TTP for beginning Fiscal Year 2022 as set forth below: <br />Efficiency One -Bedroom Two -Bedroom Three -Bedroom Four -Bedroom <br />$828 $1,034 $1,135 $1,333 $1,701 <br />