HUD Releases FY2020 Fair Market Rents

HUD has published the fiscal year 2020 (FY20) Fair Market Rents (FMRs), which are now released only on huduser.gov. The FMRs are effective Oct. 1. In general, the FMR for an area is the amount that would be needed to pay the gross rent (shelter rent plus utilities) of privately owned, decent, and safe rental housing of a modest (non-luxury) nature with suitable amenities and is set at the 40th percentile of the distribution of gross rents.

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