FY 2008 Fair Market Rents

From: HUD USER News
 
On Monday, October 1, the U.S. Department of Housing and
Urban Development published in the Federal Register
 HUD's Final Fiscal Year (FY) 2008 Fair Market Rents
(FMRs) for the (Section 8) Housing Choice Voucher
program and Moderate Rehabilitation Single Room
Occupancy program. The FY2008 FMRs, developed by HUD's
Office of Policy Development and Research (PD&R), are
the first to use data drawn from the full implementation
of the new American Community Survey (ACS), published by
the U.S. Census. The ACS currently only provides local
rent data for large metropolitan areas. Eventually, the
ACS will provide high quality annual data on rents for
all areas, which in turn, is expected to yield greater
accuracy of FMR estimates.
 
Simultaneous with publication of the Final FY 2008 Fair
 Market Rents, PD&R is posting a documentation system on
our website, www.huduser.gov. This system will allow
users to review the underlying data and computations
used in developing the final FMRs for each of the
approximately 2,400 FMR areas in the country.
 
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