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HUD Publishes FMRs for 2002

Tuesday, October 2, 2001 - 1:45AM

The Department of Housing and Urban Development (HUD) published fiscal year (FY) 2002 Fair Market Rents (FMRs) yesterday. According to HUD, the FMR for an area is the amount that would be needed to pay the gross rent of privately owned, decent, safe and sanitary rental housing. The FY 2002 FMRs went into effect yesterday, the start of FY 2002. FMRs are used for programs such as the Housing Choice Voucher program among others.

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