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HUD PUBLISHES 2013 SMALL AREA FMRS

Tuesday, November 20, 2012 - 2:00AM


The U.S. Department of Housing and Urban Development (HUD) today released its final fair market rents (FMRs) for fiscal year (FY) 2013 for public housing authorities (PHAs) participating in the Small Area FMR (SAFMR) Demonstration. Only those PHAs that have agreed to participate in the demonstration are authorized to use the SAFMRs within their metropolitan operating areas. HUD said it is testing SAFMRs through this demonstration program to better understand the programmatic impacts of changing the way Housing Choice Voucher payment standards are set. The FY 2013 SAFMRs are effective as of Oct. 1, 2012.

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