Industry Weighs-In (Again) on HUD Proposal to Change Fair Market Rents

On August 15, NMHC and NAA provided detailed feedback to HUD on a proposed rule that would change how Section 8 Housing Choice Voucher (HCV) Program Fair Market Rents (FMRs) are set in many areas nationwide. The proposal calls for certain areas to set FMRs by zip code – what HUD calls Small Area Fair Market Rents (SAFMRs) – instead of the current metropolitan area-wide standard with an adjustment for high-cost areas....(read more)

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