A. Calculate the difference between market rent and the contract rent/basic rent for…
HUD Handbook 4350.3 REV-1 — Occupancy Requirements of Subsidized Multifamily Housing Programs · 2026 edition · updated 2026-10-05 · United States
- _____ Enter the Section 236 Market Rent from Market Rent of the HUD50059.
_____ Enter the Section 236 Basic Rent from Basic Rent Amount of the HUD50059. Note: Basic Rent is a new field on the HUD-50059 starting with the release of TRACS 202C.
_____ Subtract line 2, Basic Rent, from line 1, Market Rent, and enter the difference here.*
- B. Calculate the prorated difference between the market rent and the basic rent.
_____ Enter the number of people in the family who are Ineligible Persons; i.e. persons who do not meet the definition of a citizen or eligible noncitizen. See the Glossary for the definition of these terms.
______ Enter the fraction that represents the number of Ineligible Persons (numerator) and the number of persons in the family (denominator).
EXAMPLE: There are five persons in the family, of which two are ineligible. The fraction for this family would be 2/5.
- _____ Calculate the prorated difference between the Market Rent and the Basic Rent. Multiply line 3 difference between the Basic Rent and the Market Rent by the fraction determined in line 5. Enter the amount in line 6.
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