HUD Releases FY 2017 Fair Market Rents
On Aug. 26, HUD published a notice in the Federal Register announcing the Fiscal Year (FY) 2017 Fair Market Rents (FMRs). This year, the Housing Opportunities Through Modernization Act of 2016 (HOTMA) revised the procedure by which HUD publishes its annual FMRs. Specifically, HUD is no longer required to publish proposed FMRs for comment in the Federal Register. Instead, HUD may post the FMRs on HUD’s website and announce such posting by notice published in the Federal Register.