Payment Standards are "the maximum monthly assistance payment for a family assisted in the voucher program (before deducting the families total tenant payment)," 24 CFR 982.4(b). The Total Tenant Payment (TTP) represents 30% of the family's monthly adjusted income.
The Payment Standard for the family is the lower of:
The payment standard for the family unit size, which is defined as the appropriate number of bedrooms for the family under the PHA's subsidy standards
The payment standard for the size of the dwelling unit rented by the family
For example, a family is eligible to lease a three bedroom unit but selects a two bedroom unit. The voucher payment standard for a two bedroom unit would be used to calculate the housing assistance payment because that would be the lower of the two methods. However, if the family is eligible to lease a three bedroom and finds a three bedroom unit, the three bedroom voucher payment standard would apply.
Note: The voucher payment standard includes a utility allowance for the unit. The utility allowance is based on the lower of the family voucher size or the unit size selected by the family.