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HUD Updates FY 2020 FMRs for Six Areas

Tuesday, March 10, 2020 - 10:15AM

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Wednesday’s Federal Register updating the fiscal year 2020 fair market rents (FMRs) for six areas, based on new survey data. The notice covers the HUD FMR areas for Asheville, N.C.; Portland, Maine; Worcester, Maine; and Guam. It also includes the metropolitan statistical areas for Eugene-Springfield, Ore.; and Santa Maria-Santa Barbara, Calif. The revised 2020 FMRs for those six areas are effective April 10. The notice also responds to public comments received about FY 2020 FMRs not related to specific areas requesting a reevaluation discussing

inaccuracies of the FMRs and a need for more current and local data.

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