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.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing