NEW PAYMENT STANDARDS
Effective December 1, 2023, new local payment standards based on geography, known as RealMarket payment standards, will be implemented. RealMarket Payment standards are grouped into three zones, with each Fairfax County zip code assigned to a zone.
The RealMarket payment standards will take effect per the following:
- December 1, 2023, for all new admissions, households who are transferring units (i.e., moving within Fairfax County), and households transferring into Fairfax County from another jurisdiction in the HCV program.
- January 1, 2024, for all owner requested rent increases.
- March 1, 2024, for all HCV reexaminations and adjustments for all households who currently have gross rents greater than the current payment standard.
The RealMarket Payment Standard amounts at the effective dates will be as follows: