Comment on Proposed FMRs for FY 2015
On Aug. 15, HUD published a notice in the Federal Register requesting comments on the Proposed Fair Market Rents (FMRs) for fiscal year (FY) 2015. The primary uses of FMRs are to: (1) determine payment standard amounts for the Housing Choice Voucher program; (2) determine initial renewal rents for some expiring project-based Section 8 contracts; (3) determine initial rents for housing assistance payment contracts in the Moderate Rehabilitation Single Room Occupancy program; and (4) serve as a rent ceiling in the HOME program.
Final FMRs for FY 2015 will become effective Oct. 1, 2014. And comments are due Sept. 15, 2014.