Regulation & law · 08/09/2015

Proposed Fair Market Rents for FY 2016 Released by HUD

The U.S. Department of Housing and Urban Development (HUD) has released proposed Fair Market Rents (FMRs) for Fiscal Year 2016, which will be effective on October 1, 2016. The proposed FMRs are based on data from the American Community Survey (ACS) and reflect the estimated 40th and 50th percentile rent levels trended to April 1, 2016.