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HUD PUBLISHES FINAL 2007 FAIR MARKET RENTS

Wednesday, September 27, 2006 - 8:00AM

The U.S. Department of Housing and Urban Development today published final fiscal year 2007 fair market rents (FMRs), effective October 1, 2006. 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.

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