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HUD RELEASES PROPOSED FY 2012 FMRS

Friday, August 19, 2011 - 8:00AM

The U.S. Department of Housing and Urban Development (HUD) today released its proposed fair market rents (FMRs) for fiscal year 2012. HUD uses FMRs 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. HUD is accepting comments on the proposed FMRs until September 19, 2011. |

For more information about the proposed FMRs, tune in to the August 23 Tax Credit Tuesday podcast.

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