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HUD ANNOUNCES PROPOSED 2013 FAIR MARKET RENTS

Thursday, August 2, 2012 - 7:00AM

The U.S. Department of Housing and Urban Development (HUD) today released proposed fiscal year (FY) 2013 fair market rents (FMRs) for the Housing Choice Voucher (HCV) and Moderate Rehabilitation Single Room Occupancy programs. FMRs are used to determine payment standards for the HCV program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine initial rents for housing assistance payment contracts in the Moderate Rehabilitation Single Room Occupancy program and to serve as rent ceilings for the HOME program. The official notice is expected to appear in the August 3 Federal Register.

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