Fair Market Rents for the Housing Choice Voucher Program, Moderate Rehabilitation Single Room Occupancy Program, and Other Programs Fiscal Year 2020
- By: admin
- On: 08/30/2019 16:54:47
- In: HUD Notices
The Office of the Assistant Secretary for Policy Development and Research, HUD published the Notice of Fiscal Year (FY) 2020 Fair Market Rents (FMRs) and Response to Public Comments on the June 5, 2019 Federal Register notice announcing two method changes in the calculation of FMRs.Section 8(c)(1) of the United States Housing Act of 1937 (USHA), as amended by the Housing Opportunities Through Modernization Act of 2016 (HOTMA), requires the Secretary to publish FMRs not less than annually, adjusted to be effective on October 1 of each year. This notice describes the methods used to calculate the FY 2020 FMRs and enumerates the procedures for Public Housing Agencies (PHAs) and other interested parties to request reevaluations of their FMRs as required by HOTMA. This notice also discusses the comments received on the Notice of Proposed Changes to the Methodology Used for Estimating Fair Market Rents (84 FR 26141).
Click here for the full notice