HUD recently released its proposed fair market rents (FMRs) for FY 2013. FMRs are used to determine payment standards for the Housing Choice Voucher (HCV) program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine initial rents for housing assistance payment contracts in the Moderate Rehabilitation Single Room Occupancy program, and to serve as rent ceilings in the HOME program. The FY 2013 FMRs reflect a new trend factor calculation based on national gross rent data which changes annually and HUD has updated the bedroom ratios for calculating zero, one, three and four bedroom FMRs. The agency will accept comments on the proposed FMRs until Tuesday, September 4, 2012.
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