Current through November, 2024
Section 15-185-33 - Interim rent adjustment(a) The corporation may adjust a participant's rent between reexaminations if a participant reports a change in income.(b) Adjustments reflecting a lower rent shall be made effective on the first day of the month following the month the report was made. A participant who has obtained a decrease in rent under this section, shall report all income increases which occur prior to the next reexamination and rent may be readjusted accordingly.(c) A rent adjustment shall be made between reexaminations when a participant's income increases as a result of the inclusion of additional persons with income to the family, and such adjustment shall be made effective on the first day of the second month following the inclusion.(d) The participant and owner shall be notified in writing by the corporation of the results of any reexamination within a reasonable time.[Eff DEC 03 2001] (Auth: HRS § 201G-15) (Imp: HRS § 201G-15; 24 C.F.R. § 982.516)