HUD Publishes Small Area Fair Market Rent Final Rule

HUD recently published in the Federal Register a final rule regarding the use of Small Area Fair Market Rents (SAFMR) in certain metropolitan areas, and replacing HUD’s existing 50th percentile fair market rent (FMR) policy for the Housing Choice Voucher program. The rule also provides regulatory implementation guidance related to certain provisions of the Housing Opportunity Through Modernization Act (HOTMA) pertaining to all FMRs.

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