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HUD to Publish Notice Listing Areas Subject to Small Area FMRs

Monday, October 23, 2023 - 2:45PM

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Wednesday’s Federal Register listing additional areas subject to small area fair market rents (SAFMRs) in the housing choice voucher program. SAFMRs are ZIP code based FMRs that are designed to encourage voucher holders to move to areas with higher opportunity and lower concentration of poverty. The SAFMRs are effective Oct. 1, 2024. Forty-one metro areas across 26 states meet the requirements. 

Financing of affordable housing will be a topic at the Novogradac 2023 Housing Tax Credit Finance Conference, Nov. 30-Dec. 1 in Las Vegas.

 

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