The U.S. Department of Housing and Urban Development (HUD) published in last week’s Federal Register a notice of fiscal year 2021 (FY 21) fair market rents (FMRs) for the Housing Choice Voucher program, Moderate Rehabilitation SRO program and other HUD programs. The notice states that the trend factors used to determine FY 21 FMRs include updated economic assumptions to reflect the economic impact of the COVID-19 pandemic. The notice also enumerates how public housing authorities and other parties can request reevaluations of their FMRs. Comments on the notice are due Sept. 30 and the FMRs will be effective Oct. 1.
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