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FAQ Friday: Flat rent annual review

Posted by Annie Stevenson on Sep 7, 2018 11:22:45 AM

Question

I’m confused about all of the flat rent changes over the past few years. Fair market rents for 2019 were just posted and I’m not sure what I’m supposed to do with them. Help, please!

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Topics: Flat Rent, FMR

HUD publishes 2019 FMRs

Posted by Annie Stevenson on Sep 5, 2018 3:35:33 PM

In a notice published Friday in the Federal Register, HUD announced that it has published fair market rents (FMRs) for federal fiscal year (FFY) 2019 (October 1, 2018 through September 30, 2019). As explained in the notice:

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Topics: Flat Rent, FMR, HOTMA, SAFMR

Model policy revisions now available online

Posted by NMA on Jul 23, 2018 9:22:10 AM

Our writing team has been working hard to make our policy updates available immediately, so our revision services customers don't have to wait to receive a CD with updates in the mail. (And a lot of our customers don't even have CD drives anymore to access the files with!)

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Topics: Books and Revision Services, EIV, FMR, HOTMA, Rent Reasonableness, Streamlining, Lead-Based Paint, Product Updates

HUD Releases Additional Resources on SAFMR Implementation

Posted by NMA on Mar 21, 2018 2:23:09 PM

Recently on HUD Exchange, the Department of Housing and Urban Development (HUD) posted several new resources to aid in the implementation of the Small Area Fair Market Rents (SAFMR) final rule. Chief among these resources is a new guidebook, which provides guidance and practical examples for PHAs implementing SAFMRs. Topics covered in the guidebook include the policy background of SAFMRs, how SAFMRs will affect payment standards, and administrative and programmatic impacts of the rule.

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Topics: FMR, Industry News, SAFMR

HUD Issues Guidance on SAFMR Final Rule

Posted by NMA on Jan 25, 2018 5:00:00 AM

HUD’s Office of Public and Indian Housing (PIH) recently issued Notice PIH 2018-01 providing guidance on recent changes in fair market rent (FMR), payment standard, and rent reasonable requirements set forth in the Small Area FMR (SAFMR) final rule. As you know, in August of last year HUD exercised its authority to suspend SAFMRs for 23 out of the 24 designated areas that would have gone into effect on October 1, 2017. However, in late December, the U.S. District Court for the District of Colombia entered a preliminary injunction voiding that suspension, meaning that the mandatory use of SAFMRs is now in effect for all 24 areas (listed in Appendix A of the notice). PHAs must now complete the SAFMR implementation as quickly as possible—no later than April 1, 2018. The notice is meant to help with that task, allowing PHAs to better understand their options under the final rule.

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Topics: FMR, Industry News, SAFMR

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