Final Fair Market Rents (FMRs), FY 2010

From: HUD USER News
 
On September 30, 2009, the U.S. Department of Housing and
Urban Development published a notice in the Federal
Register of the "Final Fair Market Rents for Fiscal Year
2010 for the Housing Choice Voucher Program and Moderate
Rehabilitation Single Room Occupancy Program."
 
Developed by HUD's Office of Policy Development and
Research (PD&R), the FY2010 FMRs are based on 2000 Census
data updated with 2007 American Community Survey data, as
well as more recent Consumer Price Index rent and utility
indexes. Fair Market Rent (FMR) areas are determined by
current Office of Management and Budget metropolitan area
definitions, incorporating changes made in November 2008.
 
Concurrent with publication of the Final FY 2010 Fair
 Market Rents, PD&R has posted a documentation system on
our website at www.huduser.gov/datasets/fmr.html, where
you can review the underlying data and computations used
in developing the final FMRs for each area in the
country. The primary uses of FMRs are to determine the
payment standards for the Housing Choice Voucher program,
initial renewal rents for some expiring project-based
Section 8 contracts, and initial rents for housing
assistance payment (HAP) contracts in the Moderate
Rehabilitation Single Room Occupancy program. The FMRs
also establish rent ceilings for use in the HOME program.
 
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