HUD Publishes Fair Market Rents for Fiscal Year 2021

Friday, August 14, 2020 - 9:45am

The U.S. Department of Housing and Urban Development (HUD) published in today’s Federal Register a notice of fiscal year 2021 (FY 21) fair market rents (FMRs) for the Housing Choice Voucher program, Moderate Rehabilitation Single Room Occupancy program and other HUD programs. The notice states that the trend factors used to determine FY 21 FMRs include updated economic assumptions to reflect the economic impact of the COVID-19 pandemic. Today’s notice also enumerates how public housing authorities and other parties can request reevaluations of their FMRs. Comments on the notice are due Sept. 30 and the FMRs will be effective Oct. 1. 

Hear more about HUD developments at the Novogradac 2020 Credit and Bond Financing for Affordable Housing Virtual Conference, which features a panel “HUD Hot Topics: Section 8, RAD, FHA Financing.”