The Most Northeastern City in the United States.

40% Affordability Process

Caribou Municipal Building
25 High St
Caribou, Maine 04736
Lisa Plourde, Executive Director
Sue Ouellette, FSS/Homeownership
Phone: (207) 493-4234
Fax: (207) 376-0178
E-mail: housing@cariboumaine.org

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40% Affordability Process

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Equal Housing Opportunity

This is the process where rent qualification for the family (cannot pay more than 40% of their gross monthly adjusted income toward rent and utilities) is determined.  The Housing Agency will calculate affordability based on the participants subsidy (voucher) size, verified household income,  requested rent amount, and the HUD utility allowance schedule. Should the participants rent and utility be more than 40% of their adjusted month income, the Housing Agency will determine the rent amount approvable and complete a rent reasonableness determination.  If either amount is less than what the requested rent amount submitted on the Request for Tenancy Approval form the Housing Agency will contact the owner or agent to negotiate the requested rent.