HUD publishes 2019 FMRs
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:
Section 8(c)(1) of the United States Housing Act of 1937 (USHA), as amended by the Housing Opportunity Through Modernization Act of 2016 (HOTMA), requires the Secretary to publish FMRs not less than annually, adjusted to be effective on October 1 of each year. This notice describes the methods used to calculate the FY 2019 FMRs and enumerates the procedures for public housing agencies (PHAs) and other interested parties to request reevaluations of their FMRs, as required by HOTMA.
The deadline date for comments on the 2019 FMRs is October 1, 2018. The revised FMRs will be effective on October 1, 2018 (unless HUD receives a request for reevaluation of specific area FMRs).
HUD has also posted a schedule of unadjusted rents, which are used for setting public housing flat rents in non-metropolitan areas. The accompanying county-level data set was also posted to the FMR page. HUD no longer publishes exception FMRs for manufactured home spaces in the HCV program since PHAs now use their regular FMRs/SAFMRs for subsidy determinations.