[Federal Register Volume 89, Number 28 (Friday, February 9, 2024)]
[Notices]
[Page 9169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-02666]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6442-N-01]


Fair Market Rents for the Housing Choice Voucher Program, 
Moderate Rehabilitation Single Room Occupancy Program, and Other 
Programs, Fiscal Year 2024; Revised

AGENCY: Office of the Assistant Secretary for Policy Development and 
Research, Department of Housing and Urban Development, HUD.

ACTION: Notice of Revised Fiscal Year (FY) 2024 Fair Market Rents 
(FMRs).

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SUMMARY: This notice updates the FY 2024 FMRs for one area based on new 
survey data.

DATES: The revised FY 2024 FMRs for this one area are effective on 
March 11, 2024.

FOR FURTHER INFORMATION CONTACT: Adam Bibler, Director, Program 
Parameters and Research Division, Office of Economic Affairs, Office of 
Policy Development and Research, HUD Headquarters, 451 7th Street SW, 
Room 8208, Washington, DC 20410, Department of Housing and Urban 
Development, telephone (202) 402-6057. Questions related to use of FMRs 
or voucher payment standards should be directed to the respective local 
HUD program staff. For technical information on the methodology used to 
develop FMRs or a listing of all FMRs, please call the HUD USER 
information line at 800-245-2691 (toll-free), email the Program 
Parameters and Research Division via [email protected], or access the 
information on the HUD USER website: http://www.huduser.gov/portal/datasets/fmr.html. HUD welcomes and is prepared to receive calls from 
individuals who are deaf or hard of hearing, as well as individuals 
with speech or communication disabilities. To learn more about how to 
make an accessible telephone call, please visit https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.

SUPPLEMENTARY INFORMATION: On August 31, 2023, HUD published the FY 
2024 FMRs, requested comments on the FY 2024 FMRs, and outlined 
procedures for requesting a reevaluation of an area's FY 2024 FMRs (88 
FR 60223). This notice revises FY 2024 FMRs for one area based on data 
provided to HUD.

I. Revised FY 2024 FMRs

    The updated FY 2024 FMRs appear in the following table. The FMRs 
are based on a survey conducted by the area public housing agencies 
(PHAs) and reflect the estimated 40th percentile rent levels trended to 
FY 2024.
    The FMRs for the affected area are revised as follows:

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                                                                                              FMR by number of bedrooms in unit
                     2024 Fair Market Rent area                     ------------------------------------------------------------------------------------
                                                                           0 BR             1 BR             2 BR             3 BR             4 BR
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Urban Honolulu, HI MSA.............................................          $1,668           $1,824           $2,388           $3,365           $4,052
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    HUD has published these revised FMR values on the HUD USER website 
at: http://www.huduser.gov/portal/datasets/fmr.html. In addition, HUD 
has updated the FY 2024 Small Area FMRs (SAFMRs) for metropolitan areas 
with revised FMRs, which can be found at https://www.huduser.gov/portal/datasets/fmr/smallarea/index.html. HUD has also updated the 50th 
percentile rents for all affected FMR areas, which are published at 
http://www.huduser.gov/portal/datasets/50per.html.

II. Environmental Impact

    This notice involves the establishment of Fair Market Rent 
schedules and does not constitute a development decision affecting the 
physical condition of specific project areas or building sites. 
Accordingly, under 24 CFR 50.19(c)(6), this notice is categorically 
excluded from environmental review under the National Environmental 
Policy Act of 1969 (42 U.S.C. 4321).

Solomon Greene,
Principal Deputy Assistant Secretary for Policy Development and 
Research.
[FR Doc. 2024-02666 Filed 2-8-24; 8:45 am]
BILLING CODE 4210-67-P