On March 19, HUD issued a notice updating the Fiscal Year (FY) 2021 Fair Market Rents (FMRs) for Houston-The Woodlands-Sugar Land (TX), Knox County (ME), Lincoln County (ME), and Waldo County (ME) based on recently submitted survey data. Stamford-Norwalk (CT) and Transylvania County (NC) also provided survey data for FMR revision; however, HUD deemed the data insufficient to rationalize an update to the original FMR calculations for FY 2021. (An area’s FMR is used to determine a rental unit’s eligibility for landlord reimbursement under the Section 8 Housing Voucher program.) Following the release of the updated FY 2021 FMRs, HUD opened a period of public comment. While most of the comments were reevaluation requests, several noted methodological flaws in the FMR calculation, while others noted that HUD should perform its own analysis to account for significant year-to-year FMR fluctuations. For more information on the FY 2021 FMR changes and comments, see the Federal Register.
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