Regulation & law · 01/10/2007

HUD Publishes Final Fair Market Rents for Fiscal Year 2008

The U.S. Department of Housing and Urban Development (HUD) has released the final Fair Market Rents (FMRs) for Fiscal Year 2008, which will be effective on October 1, 2008. The FMRs are based on data from the 2000 Census and the American Community Survey (ACS), and will be used to determine payment standard amounts for the Housing Choice Voucher program and initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program.