HUD PUBLISHES 2008 FAIR MARKET RENTS

Monday, October 1, 2007 - 7:15AM

The U.S. Department of Housing and Urban Development today published final fiscal year 2007 fair market rents (FMRs), effective today. FMRs are used to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts and to determine initial rents for housing assistance payments (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy (SRO) program.

Join Novogradac & Company LLP to discuss this and other recent developments affecting the affordable housing industry at the 14th Annual San Francisco Affordable Housing Conference on October 4 and 5. Or, to discuss what the new FMRs mean for your LIHTC property, sign up for the LIHTC Property Compliance Workshop & LIHTC Property Manager Certification Exam on October 4 and 5 in San Francisco.

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