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HUD Publishes Proposed Fair Market Rents for FY 2004

Thursday, May 29, 2003 - 1:45AM

The U.S. Department of Housing and Urban Development yesterday published the proposed Section 8 Fair Market Rents (FMRs) for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program for fiscal year 2004. Comments on the proposed rents are due by June 27, 2003. The final FMRs will go into effect October 1, 2003, the start of the 2004 fiscal year. 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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