HUD Announces 2014 Proposed FMRs

On Monday, August 5, 2013, the Department of Housing and Urban Development (HUD) announced the proposed fair market rents (FMRs) for fiscal year 2014.  The level at which HUD sets these rents is important to most owners who operate in the affordable housing industry.  They are used to establish the maximum rent a public housing authority can subsidize through the housing choice voucher program.  They also serve as a cap on the rents an owner may collect for their HOME units.

You have 30 days to comment on the proposed FMRs.  HUD provides instruction on how to submit a comment both manually and electronically.  You can read the entire notice by clicking on FAIR MARKET RENTS 2014.

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