endobj On January 17, 2018, HUD published guidance on how agencies can implement the regulation. Small Area FMRs are based on ZIP codes rather than an entire metropolitan area. 9 0 obj You are here. Under the new policy: Postal ZIP Codes, while traditional fair market rents (FMRs) reflect a single rent standard for an entire metropolitan region. HUD has authority to provide added voucher renewal funding to agencies that serve high-cost jurisdictions in mandatory SAFMR areas, but has not indicated whether it will do so. A Federal judge has ordered HUD to implement the Small Area Fair Market Rents (SAFMRs) in jurisdictions that had previously been suspended for two years on Tuesday, January 1. Small Area Fair Market Rents (SAFMRs) are Fair Market Rents (FMRs) calculated at the ZIP code level, rather than for the entire metropolitan region. For example, a three-person household may qualify for a two-bedroom voucher. Agencies must include in their administrative plans policies for applying payment standard declines to voucher holders remaining in place, applying SAFMRs to project-based vouchers, and adopting SAFMRs in place of metro FMRs in metro areas where this is not mandatory. (24 CFR 982.303). In recent years, however, HUD has tested SAFMRs, which are based on rents in particular zip codes and therefore reflect neighborhood rents more accurately than metro-level FMRs. You are here. [24] The last option — a permanent, partial hold-harmless — is not mentioned in HUD’s notice or guidebook, but is permitted by the applicable regulation. Maintain the regular practice of applying reductions at the second annual review, which gives families one to two years of notice before the new payment standard goes into effect; Phase the payment standard reduction in gradually, for example by applying a 15 percent payment standard reduction in three increments of 5 percent per year (with the first part of the reduction going into effect no sooner than the second annual review); Permanently hold families harmless by continuing to use the previous, higher payment standard for as long as a family remains in the same unit; Applying a portion of the reduction and then holding families harmless after that, for example by applying only 5 percentage points of a 15 percent reduction (again no sooner than the second annual review). endstream These changes would apply to the Housing Choice Voucher program. 6 0 obj The second set of recommendations focuses on lessons learned from metropolitan areas that have the option to voluntarily implement SAFMRs. Fair Market Rents (FMRs) determine the eligibility of rental housing units for the Section 8 Housing Choice Voucher Program and also serve as the payment standard used to calculate the subsidy. DOI: 10.25772/S34X-D672 Corpus ID: 156386930. ���� JFIF ` ` �� C For example, an agency could use neighborhood boundaries that don’t run along zip code boundaries, which could result in portions of a single zip code having different policies because the zip code is split among multiple neighborhoods. [11] See https://www.hudexchange.info/programs/public-housing/small-area-fair-market-rents/. endobj HUD’s November 2016 rule permits such agencies to use either of the two options described above to set SAFMR-based payment standards for any metropolitan zip code where they are administering vouchers. )��Q�C��V�f0=�L�Q��W}.��i�����J��#վ2��TV��K&")8��J?��&�+^��K*� x���]o�8�����-���q"UH��� i�E�;{�B�hB�!����=� L�$�qE��������\__Mǿ߂��v��=�BH���(`��m�����~��チU��IX�@ The market rent areas were updated in November 2020. endobj Inflation Calculator – Great for keeping up with inflation data and using this information in making regular rent adjustments. Table provides 1-8 bedroom FMRs for each county and city in Virginia. �V�=G�Sۚ��^�M�?���V�˺��E",�;��iU.JZ��vYr�2�;Op`����6�K�>Q�㭞t����T information on schools and other characteristics of high-opportunity communities, and the benefits of living in those areas; help in addressing credit problems, particularly if landlords in high-opportunity areas tend to do credit checks on applicants; lists of vacancies and willing landlords in high-opportunity neighborhoods (including properties assisted under the Low-Income Housing Tax Credit, which are prohibited from discriminating against voucher holders); funds for security deposits and moving expenses to higher-cost neighborhoods (in some places, these costs are supported by local foundations); counseling on rights under fair housing and voucher non-discrimination laws, and referrals to enforcement agencies when appropriate; community tours and housing search assistance; advice on transitional issues such as setting up utilities and registering for new schools; and. One agency that implemented SAFMRs, the Long Beach Housing Authority, raised all of its payment standards to 110 percent of the SAFMR in 2015 out of concern that SAFMRs had fallen below market rents and that payment standards set at 100 percent of the SAFMR made too few units available to voucher holders. 81, No. stream Rental market study: A rental market study is an in-depth analysis of a particular rental market that is often prepared by independent organizations for specific communities. 21 0 obj <> SAFMRs can help an agency boost its performance under the Section Eight Management Assessment Program (SEMAP) by making it easier to earn “deconcentration bonus” points for enabling voucher holders to move to low-poverty neighborhoods,[7] meet its obligation to affirmatively further fair housing by providing families access to more racially integrated neighborhoods, and help avoid excessive concentration of voucher holders in a small number of neighborhoods (which in some cases may reduce community support for the agency and the voucher program). In addition, housing agencies in some states are permitted to directly administer vouchers beyond their regular service areas. But the results from the interim evaluation suggest that these costs were modest and consisted mainly of one-time or transitional expenses, and HUD has indicated that it may provide added administrative funding to cover at least some such costs. [5], SAFMRs have also made the voucher program more cost-effective. 81, No. The rule gives agencies the option to apply SAFMRs to new project-based voucher developments. She has more than 16 years of experience in real estate. endobj endobj By contrast, the second option would require the agency to seek HUD approval, revise its administrative plan, and use SAFMR-based payment standards throughout its service area. a Center on Budget and Policy Priorities, “Housing Voucher Policy Designed to Expand Opportunity Targets Areas that Need It,” January 9, 2018, https://www.cbpp.org/research/housing/housing-voucher-policy-designed-to-expand-opportunity-targets-areas-that-need-it. Establishing a More Effective Fair Market Rent System; Using Small Area Fair Market Rents in Housing Choice Voucher Program Instead of the Current 50th Percentile FMRs . [27]  Whether those benefits are realized, however, will depend on the actions agencies and others take to implement the new tools and help families make the most of the opportunities they offer. HUD Section 8 Vouchers and Small Area Fair Market Rents. 10, No. 18 0 obj ���z�u/�)5�I 5]E�´ݐ��eV��l�)Q�]P��wPC�s)���|A!��E�`֨w���� �@Gy2���FTB��LҩLrwي�q��[h�T��X:�bRi��n��JI�ß�K�n�&�MfCK�O�;��[����{� ������5EjR�J �j#������F�X��n%��J4���@A��%�x�]c���&m#"o�q�պ1)����$Ek�/G�c��O�X{M�@��l&� =�������ͼ�Y{��I�tu��u����A���W�,����P2b�������Ll�����:Ձ��#�=8hR�\�� ������@r�^�Nv��^,�(K88�:)҄f}-���J��L�s���^S�b�)݊=o\4�VVư�����J��+p/\j��+�(��/�m4�)*� HUD Rule on Small Area Fair Market Rents. In practice, implementation was delayed for three months by a failed HUD effort to suspend mandatory SAFMRs for two years. Inflation Calculator – Great for keeping up with inflation data and using this information in making regular rent adjustments. Two years later, HUD initiated an SAFMR demonstration allowing five agencies in other parts of the country to test the approach. 17 0 obj Housing agencies can support mobility through policies such as allowing adequate voucher search times. SMALL AREA FAIR MARKET RENTS FREQUENTLY ASKED QUESTIONS Housing Choice Voucher Program The U.S. Department of Housing and Urban Development (HUD) has required the Housing Authority of Prince George’s County (HAPGC) to begin using Small Area Fair Market Rents (SAFMRs) instead of metropolitan – wide Fair Market Rents (FMRs) to calculate the payment standard for determining … <> Description. <> endobj Overtown Transit Village North 701 NW 1st Court, 16th Floor Miami, FL 33136 786-469-4100 | [email protected] Contact Us. They are now based on Statistical Area Units from the 2018 Census and on suburbs from the NZ Postal Address File (PAF). 81, Issue PRORULE 2016-13939 DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Docket No. The 2016 rule required housing agencies to use SAFMRs for their tenant-based vouchers in 24 metro areas (see map below) — including the Dallas area, where SAFMRs have been required since 2011. [3] Meryl Finkel et al., “Small Area Fair Market Rent Demonstration Evaluation: Interim Report,” prepared for U.S. Department of Housing and Urban Development, August 2017, https://www.huduser.gov/portal/publications/SAFMR-Interim-Report.html. HUD proposes to set Fair Market Rents (FMRs) by ZIP code instead of using the current metropolitan area-wide standard with an adjustment for high-cost areas. The program, called Small Area Fair Market Rents, would have increased the amount of money the government would pay for voucher-holders to … Second, agencies may choose to delay the impact of lower payment standards on families that continue to use a voucher in the same unit. The 40th percentile means that the average rent (50th percentile) is slightly higher. <> For example, they are not permitted to adopt a hold-harmless for all elderly and disabled households in a specified zip code, but not for other households in the same zip code. Fair Market Rents and Payment Standards FY 2020 New Fair Market Rents and Payments Standards Effective January 1, 2020, CMHA has established exception rent payment standards for well-resourced communities and for communities where HUD has identified by zip code the fair market rent as being greater than the fair market rents indicated in CMHA's "Primary Fair Market Rents and Payment … /��]��e$v�;�J�E�OI4�6���$$T� Safe & Affordable Housing › ; Rental Housing Assistance › ; Housing Choice Voucher Program (formerly known as Section 8) › Small Area Fair Market Rents (SAFMRs)› (One risk is that savings could come at the expense of increasing rents for families already using vouchers in low-rent neighborhoods, but as discussed below, HUD’s rule gives agencies strong tools to protect those families.)[6]. <> These agencies must, however, always apply SAFMR-based exception payment standards to the full area of each zip code. Agencies may set payment standards up to 110 percent of the SAFMR in particular zip codes even if this is above 110 percent of the metro-area FMR, without the HUD approval normally required for exception payment standards. The new payment standards will then apply immediately to voucher holders who are new to the program or move to a new unit. <> After early results suggested that SAFMRs were effective at helping voucher holders in these areas move to higher-opportunity neighborhoods without undue administrative burdens, HUD issued the 2016 expansion regulation with the goal of providing similar opportunities to families in other parts of the country. Assisted Housing Information: (813) 253-0551 . Under HUD’s rule, when an agency uses SAFMRs in place of the metro FMR, project-based vouchers are not automatically subject to SAFMRs. endobj �0��=�{8s��|�k���H����,R;UQ��(���(�h�r���-V��M+���X� Fair Market Rents (FMRs) are estimates of rent plus the cost of utilities, except telephone. Neither option would compel other agencies in the metro area to use SAFMR-based payment standards (even when the jurisdictions of two or more agencies overlap). Postal Service ZIP codes rather than an entire metropolitan area. endobj FMRs are housing market-wide estimates of rents that provide opportunities to rent standard quality housing throughout the geographic area in which rental housing units are in competition. Small Area Fair Market Rents Documentation citation: Federal Register / Vol. RIN 2501-AD74 Establishing a More Effective Fair Market Rent System; Using Small Area Fair Market Rents in the Housing Choice Voucher Program Instead of the Current 50th Percentile FMRs; Federal Register Vol. 7 0 obj During the period SAFMRs were used, the share of voucher holders who lived in high-opportunity neighborhoods rose at SAFMR agencies but not at a group of comparison agencies that didn’t use SAFMRs. One argument for Small Area Fair Market Rents (SAFMRs) is that they would reduce overpayment for voucher units in low-rent neighborhoods. A November 2016 Department of Housing and Urban Development (HUD) rule expands use of Small Area Fair Market Rents (SAFMRs), which set voucher amounts at the neighborhood rather than metro level — letting vouchers pay more in high-rent neighborhoods and less in low-rent neighborhoods. SAFMRs are established by the U.S. Department of Housing and Urban Development (HUD) each year. HUD’s rule also allows agencies to use SAFMRs voluntarily if they are located in a metro area where SAFMRs are not required. An agency could take this step for any combination of zip codes in its service area, but the higher payment standards must always cover the full area of each zip code. [14] PIH Notice 2018-01, p 7. FREE - Guide To Real Estate Investing. The Small Area Fair Market Rents (SAFMR) program will help beneficiaries of Section 8 housing vouchers pay the rent on homes or apartments that are located in the suburbs. § 982.505(c)(3)(ii). A study by Matthew Palm, “Scale in Housing Policy: A Case Study of the Potential of Small Area Fair Market Rents,” published in Cityscape investigates the effects of Small Area Fair Market Rents (FMRs) on the share of for-rent listings affordable for Housing Choice Voucher (HCV) holders in five metropolitan areas. Connect with the Center . Erin Eberlin. Making the voucher program more cost-effective, Agencies in metro areas required to use SAFMRs, Agencies in other metro areas interested in using them voluntarily, Helping families move to high-opportunity areas, Protecting families in low-rent zip codes, they can provide voucher holders greater access to high-opportunity areas; and. For FY 2020 , the Columbus, OH HUD Metro FMR Area (Licking County) rent for a studio or efficiency is $677 per month and $1,449 per month to rent a house or an apartment with 4 bedrooms. Date: March 09, 2018 Location: Online. 16 0 obj This may be appropriate when a zip code includes multiple neighborhoods with distinct rental markets. SAFMRs are estimates of the typical rent levels per bedroom size (including the cost of utilities) within a zip code, rather than for the entire metropolitan region. Historically, payment standards were based on Fair Market Rents (FMRs) which represent av- HUD today proposed a rule to use Small Area Fair Market Rents (Small Area FMRs) in place of the current 50th percentile rent for certain metropolitan areas. The first option is simpler and generally more flexible, since it requires no action beyond what would be needed for any other payment standard change (except a brief notification email to HUD) and allows an agency to choose whether to adopt SAFMR-based payment standards in all of the zip codes it serves or only in some. Search the register of fair rents to find out the maximum rent that can be charged for a ‘regulated tenancy’ (also known as a ‘protected’ or ‘secure’ tenancy). In August 2017, HUD released an interim evaluation of SAFMR implementation at two Dallas-area agencies and the five SAFMR demonstration agencies. Other programs that use FMRs would continue to use area-wide … endobj 24 0 obj Where can I get more Help? In addition, agencies using SAFMR-based exception payment standards may wish to consider lowering or freezing payment standards in neighborhoods where the current, metro-FMR-based payment standard is above typical market rents, to reduce the risk of overpaying landlords and offset any added costs from higher payment standards in high-rent neighborhoods. <> See interactive showing that in metro areas where SAFMRs are required, voucher holders are likelier than other renters to live in high-poverty, high-minority neighborhoods.a. HUD today published a final rule to use Small Area Fair Market Rents (Small Area FMRs) in place of the current 50th percentile rent for certain metropolitan areas. Housing Choice Voucher Families . 42 U.S.C. All agencies should continuously monitor outcomes such as rent burdens, success rates, total housing assistance payment expenditures, and the share of voucher holders renting in high-opportunity areas to determine if adjustments to payment standards or other policies are needed. Implementing HUD's Small Area Fair Market Rents Rule Print ShareThis. Fair Market Rents are described as the 40th percentile of gross rents for typical, non-substandard rental units occupied by recent movers in a local housing market (24 CFR Part 888). Depending on the tenant's income, the voucher may not cover the complete amount of the monthly rent. [2] Families are not permitted to pay a total of more than 40 percent of their income for rent and utilities at the time they first rent a unit with a voucher, although they may remain if the rent increases to the point that their costs rise above that percentage. The federal government benefit can also help families or individuals use section vouchers to pay for some moving costs. endobj 24 C.F.R. •Small Area Fair Market Rents (SAFMRs) replace FMRs previously required in metropolitan areas with high concentrations of voucher families. 1 0 obj What are Payment Standards? In some cases, SAFMRs (like metro FMRs) do not accurately represent market rents in an area, most commonly because they can lag behind rapid market changes. 27 0 obj Fair Market Rents (FMRs) are used to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program (Mod Rehab), rent ceilings for rental units … As noted, SAFMR implementation on the whole has been accompanied by lower per-voucher costs. City-Data.com – A massive database of information about cities and towns, including rental data. In addition to helping low-income families access higher-opportunity neighborhoods and potentially extending assistance to more families, SAFMRs can also benefit housing agencies in other ways. Small Area Fair Market Rents FAQs (PDF) Historically, HUD has established a single set of FMRs for units of various sizes in each metro area or rural county. <> 22 0 obj Report. Fair Market Rents (FMRs) determine the eligibility of rental housing units for the Section 8 Housing Choice Voucher Program and also serve as the payment standard used to calculate the subsidy. 202.408.1080. x�m��j�0E���]j�g$�Q��yЂ!m]�.��Mi���'�i Tribunal decisions are public and can be viewed online. ... For example, a two-bedroom fair market rent in a rural area could be $800, while it could be $1,300 in a more expensive metropolitan district. Payment Standards; Utility Chart; Resident Information ; Policies & Procedures; FAQs; FAQs For Section 8/Leased Housing. Please see these documents for more information on the topic and how it may effect you. endobj 5 0 obj )���wfE_Ev+�/D��g�̜3'_������+ggpqu �GBH�D�P@���x����ɧ� ��x$a�|X�R����Ň���>^_��I����T�Z :����uS ��E��lA�� !�\��O4�քci����O��v���ZV��Y�)x���������v�Q�e�l��T�8:�oz_��D��`��Y��lMm�)XV�糫�;�,ϓ� [1] Agencies using SAFMRs in place of metro FMRs will not be able to set payment standards above 110 percent of the SAFMR until HUD issues a planned notice establishing procedures for requesting payment standards at that level. The interim evaluation found that average subsidy costs fell 13 percent at SAFMR agencies from 2010 to 2015, because the total subsidy reductions from using SAFMRs in low-rent neighborhoods exceeded increases in high-rent neighborhoods. Agencies should, however, take caution in setting payment standards. RIN 2501-AD74 Establishing a More Effective Fair Market Rent System; Using Small Area Fair Market Rents in Housing Choice Voucher Program Instead of the Current 50th Percentile FMRs; Federal Register Vol. Small Area FMRs are based on U.S. Local and state governments can adopt policies that support voucher mobility, including laws prohibiting landlords from discriminating against voucher holders and zoning policies that encourage rental housing in a wide range of neighborhoods. Agencies could seek to avoid this outcome by encouraging other agencies in the area to also adopt SAFMR-based payment standards, or by entering regional partnerships or consortia to coordinate aspects of voucher program administration. The 40th percentile means that the average rent (50th percentile) is slightly higher. To do this, the agency must adopt a policy applying SAFMRs to all project-based voucher developments where the notice of owner selection is issued after the policy’s adoption and incorporation in the administration plan. Public Housing and Community Development Michael Liu. Lower payment standards in low-rent neighborhoods can raise rent burdens for voucher holders there, but HUD’s November 2016 rule includes new measures that limit increases in rent burdens and give housing agencies the ability to prevent them entirely for voucher holders who remain in place. HUD’s new guidance states that agencies will now be expected to complete implementation by adopting SAFMR-based payment standards — that is, payment standards that fall between 90 and 110 percent of the SAFMR in all of the zip codes they serve — no later than April 1, 2018. SAFMRs were first used in the Dallas area in fiscal year 2011 following settlement of a lawsuit claiming that metro-wide FMRs prevented minority voucher holders from moving to predominantly white neighborhoods with higher rents. Both of these benefits stem from having payment standards that more accurately reflect neighborhood rents. Research shows that those changes can deliver major benefits for low-income families and children. Public Housing Agencies (PHAs) use fair market rents as a guideline when determining payment standards for the Housing Choice Voucher (HCV) program. 28 0 obj For voucher holders who remain in place, payment standard increases will apply at the family’s next annual review and reductions will apply no sooner than the second annual review (and as discussed below, agencies have broad flexibility to delay this further). <> (By contrast, when agencies adopt SAFMR-based exception payment standards for particular zip codes, those apply to project-based vouchers in the same way that other voucher payment standards do.) endobj <>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 960 540] /Contents 28 0 R/Group<>/Tabs/S/StructParents 3>> A November 2016 Department of Housing and Urban Development (HUD) rule expands use of Small Area Fair Market Rents (SAFMRs), which set voucher amounts at the neighborhood rather than metro level — letting vouchers pay more in high-rent neighborhoods and less in low-rent neighborhoods. Agencies could see per-voucher costs rise if they use the flexibility described above to sharply limit the impact of payment standard declines, or if they choose to adopt SAFMR-based exception payment standards in high-rent neighborhoods but do not reduce payment standards in low-rent neighborhoods. [21] HUD regulations require agencies to provide families with information about the advantages of areas that do not have a high concentration of low-income families and a landlord list or other housing search tool that covers areas without high levels of poverty or minority concentration (24 CFR 982.301). Agencies that adopt SAFMR-based exception payment standards only for selected zip codes would have many of the same choices, including whether to group high-rent zip codes into larger payment standard zones. In the 23 new mandatory SAFMR metro areas, this means the 2018 SAFMRs are no lower than 90 percent of the 2017 metro FMR, and in each future year the SAFMR will be no lower than 90 percent of the previous year’s SAFMR. [9] The regulation became effective on January 17, 2017. Any rents outside this range require HUD approval. Since the fair market rent for a unit can vary greatly depending on the area of the country the unit is located in, Section 8 will then set the voucher amount by using the fair market rent for the specific region. By analysing every property for rent found by the Home.co.uk property search engine, we provide the latest rental statistics for towns, cities and postcode districts across the UK. [ 20 0 R] Agencies may also wish to review SAFMRs each year and set payment standards above or below the SAFMR where warranted, for several reasons. endobj <>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 960 540] /Contents 10 0 R/Group<>/Tabs/S/StructParents 1>> 17-2192 (D.D.C. Fair Market Rents are determined using a combination of surveys and the American Community Survey (ACS). HUD's current method for establishing Fair Market Rents (FMRs) and determining housing assistance payments is a proven, efficient system. Even if an agency applies SAFMRs to all new project-based voucher developments going forward, it could continue to use metro FMRs for some or all existing developments. 10 0 obj All rights reserved. endobj <> <> The lawsuit did not affect the substance of the rule in any way — it only stopped the two-year suspension. This webcast is an hour long presentation that describes the rules, requirements and considerations for implementing HUD's Small Area Fair Market Rents (SAFMRs) Rule. Agencies could also use their flexibility to consolidate zip codes whose SAFMRs are similar but not identical into larger areas with a single payment standard. stream Castro is expected to finalize the new regulation, known as “Small-Area Fair Market Rents” (SAFMR), this October, in the last days of the Obama presidency. … A series of implementation decisions will influence how effective SAFMRs are in expanding opportunity and avoiding hardship for voucher holders. <> �C�{�V���˧�A&ke,��3i��p%�� ��ް$���5����1K]�v?��3\';�n�1m�J��T�PF�+���in�&կ�2�w����4,�h�PZ|�j 80% of Small Area Fair Market Rent (SAFMR), or Unadjusted Rent (when applicable) •Establishes exception flat rent option when 80% of FMR or SAFMR is not reflective of local market conditions. <> Agencies are permitted to adjust payment standards at any time. Costs also fell at comparison agencies (partly because budget cuts during this period caused many agencies to lower subsidy levels), but by less than half as much. [8] Recently enacted 2018 appropriations legislation increased the amount of voucher administrative funding HUD can allocate outside the regular formula to $30 million (up from $10 million in 2017), so HUD will have ample flexibility to provide added funds to agencies required to adopt SAFMRs. 221 / Wednesday, November 16, 2016 / Rules and Regulations, Department of Housing and Urban Development T��[���O���Z����?�o��d+{��Y#>��F�$�ل+��tS>�,�~�*d v���+����lW�b��`_�7l4��L啕���^]�)��Ԕ ���}���:}� �xQ��'��qw����s���>ݮ�����v�`�H�Ҽ�ٜ��tf��o�u��0OE��+�!�x��X����t"�NWk���|�P�;>�����"wg�R,�6_ܲ%]�x�fiRR����r�G�GQ�?��^��4C`��_Ӿ+.�E�d�� �O}�ǚ����{+��>`⿤���:���7j�^���)���]`R\��X���d�|��%ԑ, +��G����Hf��d+٠�dk�PƓ� ��eiF�ݽ]��u�ߙ�tC�Ћ����^I )�Q֜�/�^ ��+w�q��f;�+Ӓu[>wRXC-�W:���`R$Ih��ՠ .�}b_ �5�4��'�qIZ߬�֥y�36N HUD’s SAFMR rule gives housing agencies major new tools that can substantially alter how the voucher program operates in communities around the country. �� �ֶd�#� *�H. Fair Market Rents are described as the 40th percentile of gross rents for typical, non-substandard rental units occupied by recent movers in a local housing market (24 CFR Part 888). The injunction was issued as a result of a lawsuit by the NAACP Legal Defense Fund and two voucher holders (Open Communities Alliance, et al. For example, the Cook County (Illinois) Housing Authority has consolidated the 130 zip codes it serves into 21 payment standard zones to simplify administration and make the program easier for voucher holders and landlords to understand. Are established by the U.S. Department of Housing and Urban Development 2017-01-17 Docket No:.! Deliver major benefits for low-income families and children determinations, but useful for about. Year implementation the 2001 Census costs, they can enable agencies to provide vouchers to more as. ( 50th percentile ) is slightly higher means that the average rent SAFMR. 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A two-bedroom voucher are gross rent prices which includes utilities to rent to a tenant below., tenant acquisition, and property investment of the apartment the household qualifies for ; Press ; Careers ; ;. Determining Housing assistance payments is a proven, efficient system will therefore phase down gradually rather an! Experts ; Blog ; Press ; Careers ; Contact ; Donate ; center @ cbpp.org contains Area! Experience in real estate to be implemented in 23 areas beginning Jan. 1 Careers ; Contact ; Donate ; @... What are key issues that implementing agencies and advocates should know about HUD released interim! For Section 8/Leased Housing that have the option to voluntarily implement SAFMRs as other.... Are in expanding opportunity and avoiding hardship for voucher holders to move higher-opportunity... Metropolitan Area non-metropolitan areas, so agencies there will continue to use SAFMRs voluntarily if they are located in metro! 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