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RESOLUTION 2022- 054 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, APPROVING PAYMENT STANDARDS FOR <br />BEGINNING FISCAL YEAR 2023 FOR THE HOUSING <br />CHOICE VOUCHER PROGRAM. <br />WHEREAS, Indian River County is considered a Housing Choice Voucher Program <br />Housing Agency by the United States Department of Housing and Urban Development (the <br />Department) as the County administers the Housing Choice Voucher (HCV) program County- <br />wide for all residents (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, 2022, and these standards are set between ninety percent (90%) and one <br />hundred ten percent (110%) of FMR, and <br />WHEREAS, Department 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 (110°/x) and for all <br />bedroom sizes up to 120% based on a reasonable accommodation of Fair Market Rent not to <br />exceed 40% Total Tenant Payment for beginning Fiscal Year 2023 as set forth below: <br />Efficiency One -Bedroom Two -Bedroom Three -Bedroom Four -Bedroom <br />$928 $1151 $1,389 $1,709 $1894 <br />