HUD Releases 2017 Fair Market Rents
In late August, the U.S. Department of Housing and Urban Development announced their new FY 2017 Fair Market Rates (FMR’s) which are used to determine payment standards for many housing assistance programs, including Housing Choice Vouchers (HCV) and Project-Based Section 8 programs. HUD’s legal notice indicates that the proposed FMRs will take effect on October 1, 2016 unless interested parties request reevaluation of their FMRs by September 26, 2016.
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Click here to read the official announcement in the Federal Register.