Proposed FY2008 Fair Market Rents

From: HUD USER News
 
On Thursday, July 12, the U.S. Department of Housing and
Urban Development publishes for public comment in the
Federal Register HUD's Proposed Fiscal Year (FY) 2008
 Fair Market Rents (FMRs) for the (Section 8) Housing
Choice Voucher Program and Moderate Rehabilitation
Single Room Occupancy Program. The public comment period
will be open for 30 days (plus a weekend), through
August 13. The Proposed 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 will eventually 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 Proposed 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 proposed FMRs for
each of the approximately 2,400 FMR areas in the
country.
 
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