HUD Seeks Comments on Proposed Change to FMR Methodology

Tuesday, June 4, 2019 - 8:45am

The U.S. Department of Housing and Urban Development (HUD) will publish in Wednesday’s Federal Register a notice seeking comment on proposed changes to how it calculates fair market rents (FMR) for the housing choice voucher program and other HUD-financed housing. The changes include using metropolitan and regional gross rent index forecasts to calculate and apply more locally based trend factors to address concerns of FMR accuracy and using adjacent ZIP code data to help calculate small area FMRs where ZIP code-level estimates are unavailable or unreliable. Comments are due by July 5.