Section 17-2031-105 - Phase-in of tenant rent increases(a) If a tenant's monthly rent increases by more than the greater of ten percent or $25 purely as a result of conversion, the rent increase will be phased in over 3 or 5 years.(b) For each RAD transaction, the authority shall specify prior to conversion whether the length of the tenant rent phase-in will be 3 or 5 years, or a combination depending on circumstances. The authority will communicate the policy in writing to affected residents.(c) The public housing dwelling units at Kuhio Park Towers, owned and managed by project owner KPT Towers 1, LLC, located at 1475 Linapuni Street #100, Honolulu, HI 96819, are converting to RAD. Upon conversion to RAD, if the tenant's monthly rent increases by more than the greater of ten percent or $25 purely as a result of conversion, the rent increase shall be phased in over three (3) years.Haw. Code R. § 17-2031-105
[Eff 12/31/2022] (Auth: HRS § 356D-13) (Imp: HRS § 356D-13; HUD Notice H-2019-09 PIH-2019-23(HA) issued 9/5/2019 (RAD Notice) section 1.6. C.3)