Final Fiscal Year 2011 Fair Market Rents

HUD has published the final Fiscal Year (FY) 2011 Fair Market Rents (FMRs) on the HUD USER website. Effective October 1, 2010, the final FY 2011 FMRs will be published in print in the Federal Register on Monday, October 4, 2010 and in the electronic version of the Federal Register on Friday, October 1, 2010. FMRs are used in the Housing Choice Voucher, Moderate Rehabilitation, project-based voucher, and other programs requiring their use.

The FMRs are estimated at 40th and 50th percentile rent levels. Some areas are granted higher FMRs (based on the 50th percentile rather than the 40th percentile of the local rent distribution) to achieve deconcentration of units in high poverty areas by voucher holders. An area that qualifies for a 50th percentile is set at that level for three years, after which deconcentration progress is evaluated. For the FY 2011 FMRs, 18 FMR areas are calculated at the 50th percentile.

In addition, this Federal Register notice announces the FMRs for the small area FMR demonstration project in Dallas, TX (in an Addendum to the Schedule B table), which have also been released on HUD USER. These FMRs will be used to operate the Section 8 voucher program in the Dallas HMFA (HUD Metro FMR area); for all other programs operating in the Dallas HMFA, the area-wide FMR listed in Schedule B should be used. Comments on the small area FMR demonstration project that were collected under a notice published May 18, 2010 will be discussed in a forthcoming notice specifically on the small area FMRs.

Section 8(c)(1) of the United States Housing Act of 1937 requires the Secretary to publish FMRs periodically, but not less than annually, to be effective on October 1 of each year. The tables, documentation system, and a copy of the preamble are available from HUD USER at www.huduser.gov/datasets/fmr.html.