HUD proposes changes to FMR and Small-Area FMR calculations

On May 26, HUD proposed two changes to how it calculates Fair Market Rents (FMR), and one change to Small-Area FMR calculations. The first change would be to the manner in which HUD selects American Community Survey (ACS) estimates for use in the calculation of FMRs. The second methodology change would be to the way HUD calculates the "recent mover factor." Lastly, HUD proposes to use the gross rent estimates calculated by ZIP Code Tabulation Areas, where statistically reliable, to estimate Small-Area FMRs directly rather than by the "ratio" method. Comments are due June 25, 2017.

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