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HUD ANNOUNCES PROPOSED FAIR MARKET RENTS FOR 2014

Friday, August 2, 2013 - 7:00AM

The U.S. Department of Housing and Urban Development (HUD) released the proposed fiscal year (FY) 2014 fair market rents (FMRs) for the Housing Choice Voucher (HCV) and Moderate Rehabilitation Single Room Occupancy programs. FMRs are used to determine the following: payment standards for the HCV program, initial renewal rents for some expiring project-based Section 8 contracts and initial rents for housing assistance payment contracts in the Moderate Rehabilitation Single Room Occupancy program. They also serve as rent ceilings in the HOME program and in the calculation of maximum award amounts for Continuum of Care grantees. The official notice is scheduled to be published in the August 5 Federal Register.

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