HUD has posted additional information on its new Small Area FMR rule titled “Establishing a More Effective Fair Market Rent (FMR) System; Using Small Area Fair Market Rents in Housing Choice Voucher Program Instead of the Current 50th Percentile FMRs.” HUD has posted a list of Frequently Asked Questions (FAQ) and a one page fact sheet.
Here’s an excerpt from the FAQ about HUD’s anticipated timeline:
