HB0648 Summary

• Amends the Rental Housing Support Program Act to allow tenants who reach 35% of area median family income to begin transitioning out of the program rather than immediately losing eligibility.

• Changes requirement that local administering agencies "must" include 2-bedroom, 3-bedroom, and 4-bedroom units to "should" include them, with precise numbers determined by community need and Authority rules.

• Maintains income eligibility limits of 30% of area median family income for tenants, with 50% of units reserved for households at or below 15% of area median family income.

• Requires landlords to verify tenant income eligibility annually and submit verification to local administering agencies.

• Establishes that tenant rent shares must be calculated as a flat annual amount based on unit size and income category, using 30% of gross income as a guide.