Quarterly review procedure
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
(a)Authorities which have adopted interim rent adjustment policy are required to conduct quarterly reviews of income for all tenants with nonfixed employment, for all unemployed tenants, and for any other tenants whose incomes are of an irregular nature. In addition, such authorities may conduct quarterly income reviews for all or any per cent of other tenants, as considered necessary, whose incomes are of a regular nature.
(b)The procedure for quarterly reviews is same as for annual re-examination except that verification of tenants statements is not required unless a rent decrease is indicated. In case where rent decrease is indicated, verification shall be made before decrease takes effect. (See Verification of income, § 1627-2.8.)
(c)Any rent change resulting from quarterly reviews will be made as of effective date of rent change (see definition, § 1627-2.3).