What is involved with the HACPFC approval or disapproval of the new rent amount?

The HACPFC is required to compare the proposed contract rent to rents charged at non-assisted rental units with similar location, amenities, size, age, services, etc. If the proposed rent appears reasonable after comparison, the new amount is approved and the HACPFC will issue a Rent Change Notification showing the new tenant portion, HAP amount, and contract rent.