By: Gill Group
HUD published a notice in the federal register last week announcing proposed changes to the methodology for estimating Fair Market Rents (FMRs). FMRs are published, according to statute, a minimum of once per year. They are utilized for determining payments for Housing Choice Vouchers and determining renewal rents for some expiring project-based Section 8 contracts among other items.
HUD is proposing two general changes to calculation methods to be incorporated for 2018 FMRs and also one change specific to Small Area FMRs:.................Read More
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