Setting Fair Market Rents

In addition to funding residential housing developments, one of the many ways that the U.S. Department of Housing and Urban Development (HUD) supports low- and moderate-income families is by setting Fair Market Rents (FMR). Fair Market Rents, according to HUD’s documentation, “assure that a sufficient supply of rental housing is available to program participants.” The programs referred to are Section 8, Housing Choice Voucher, HOME rental assistance, and Mod Rehab – or Moderate Rehabilitation Single Room Occupancy.
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