HUD PUBLISHES PROPOSED 2009 FAIR MARKET RENTS
The U.S. Department of Housing and Urban Development (HUD) today published proposed fair market rents (FMRs) for fiscal year 2009. FMRs are used to determine payment standard amounts for the Housing Choice Voucher program, project-based Section 8 contracts and housing assistance payments (HAP) contracts in the moderate rehabilitation Single Room Occupancy (SRO) program. HUD will accept public comments on the proposed FMRs through August 1, 2008.
Analysis of the proposed 2009 FMRs will be published in the July issue of Novogradac's Property Compliance Report. To learn more about fair market rents and other compliance topics, join us for the LIHTC Property Compliance Workshop on September 10-11 in San Francisco.