HUD Releases FY 2017 Fair Market Rents

Thursday, August 25, 2016 - 12:45pm

The U.S. Department of Housing and Urban Development (HUD) will publish in tomorrow’s Federal Register a notice announcing the fiscal year (FY) 2017 fair market rents (FMRs) for all areas that reflect the estimated 40th and 50th percentile rent levels trended to April 1, 2017. The FMRs are effective Oct. 1 and have been posted to huduser.gov. HUD did not change its methodology for calculating the FY 2017 FMRs from the method it used to determine FY 2016 FMRs. HUD’s small area FMR demonstration project has five public housing authority participants and concludes Sept. 30. HUD invites comments regarding the FMRs through Sept. 26.