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HUD REQUESTS COMMENTS ON FAIR MARKET RENT METHODOLOGY

Wednesday, March 9, 2011 - 8:00AM

The U.S. Department of Housing and Urban Development (HUD) today requested comments about the manner in which it calculates the trend factor used in its fair market rent (FMR) estimates. FMRs are required to be ‘‘trended so the rentals will be current for the year to which they apply.’’ In the Federal Register notice, HUD proposes several alternative methods for calculating the trend factor and requests comments on the alternatives as well as other suggestions. HUD will accept public comments until April 8, 2011.

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