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HUD PUBLISHES FINAL 2010 FAIR MARKET RENTS

Wednesday, September 30, 2009 - 8:00AM

The U.S. Department of Housing and Urban Development today published final fiscal year 2010 fair market rents (FMRs). 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. The FMRs published today are effective on October 1, 2009.

Analysis of the final 2010 FMRs will be presented at Novogradac & Company’s LIHTC Property Compliance Workshop, October 1-2 in San Francisco. It’s not too late to attend!

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