HUD Releases FY 2017 Fair Market Rents

HUD Releases FY 2017 Fair Market Rents
Posted: 8/29/2016
On August 26, HUD published a notice in the Federal Register announcing the Fiscal Year (FY) 2017 Fair Market Rents (FMRs). FMRs are used to determine payment standards for a number of housing assistance programs, including the Housing Choice Voucher and the Project-Based Section 8 programs.

The recently passed Housing Opportunities Through Modernization Act (HOTMA) revises the FMR procedure so that instead of publishing proposed FMRs for comment in the Federal Register, HUD can post these on HUD’s website and announce the publication in the Federal Register. HOTMA also provides that public housing agencies and other interested parties may comment on FMRs and request revaluation in their jurisdictions before such FMRs become effective.

HUD’s notice announces that the proposed FMRs will take effect on October 1, 2016 unless interested parties request reevaluation of their FMRs by September 26, 2016.

Contact NCSHA’s Althea Arnold with any questions.

"This email is intended solely for the person or entity to which it is addressed and may contain confidential and/or privileged information. Any review, dissemination, copying, printing or other use of this email by persons or entities other than the addressee is prohibited. If you have received this email in error, please contact the sender immediately, and delete the material from your computer."

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s