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incorporate average occupancy per unit and adjusted income assumptions. The Agency <br /> shall be responsible for utilizing the current annually adjusted rent limits. The City shall <br /> make a copy of the current year's rent limits available to the Agency upon written request. <br /> If a unit also receives a project-based rental subsidy or the tenant receives a Federal or state <br /> direct rental subsidy, and the household pays a contribution toward rent not more than 30% <br /> of the household's adjusted income, then the maximum rent (i.e., tenant contribution plus <br /> rental subsidy) is the rent allowable under the Federal or state rental subsidy program. <br /> Gross monthly rent incorporates an allowance for tenant paid utilities (excluding telephone <br /> and cable TV), which is deducted to determine the maximum net monthly rent payable by the <br /> tenant. <br /> SECTION V. IMPLEMENTATION SCHEDULE <br /> Closing City Loan November, 2007 <br /> 5 <br /> A - 2 <br />