BHA residents living in federally funded public housing developments have the option of paying 30% of their income toward rent or choosing a “flat rent.”  A flat rent is a rent amount determined by the BHA based on market analysis and current Fair Market Rents that provides a family the opportunity to choose a maximum rent once their income reaches a certain threshold.  Currently, the BHA’s flat rents are set at 70% of Fair Market Rents, which are established by the US Department of Housing and Urban Development. The BHA is preparing to readjust its flat rent amounts so that they are set at 80% of Fair Market Rents due to new regulations issued by the US Department of Housing and Urban Development.  This change requires an amendment to the BHA’s annual plan and a public comment period which will run through August 28, 2014.  A public hearing will be held as well.  Additional information about this and other Annual Plan amendments can be found on the BHA's Annual Plan page.