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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
Proposed Rules
D09002ee1bdc19f97
D09002ee1bdc1a006
United States
Department of Housing and Urban Development
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org
United States Government Agency or Subagency
This rulemaking proposes the use of Small Area Fair Market Rents (Small Area FMRs) in the administration of the Housing Choice Voucher (HCV) program for certain metropolitan areas. HUD is proposing to use Small Area FMRs in place of the current 50th percentile rent to address high levels of voucher concentration. HUD believes that Small Area FMRs gives HCV tenants a more effective means to move into areas of higher opportunity and lower poverty areas by providing them with subsidy adequate to make such areas accessible and to thereby reduce the number of voucher families that reside in areas of high poverty concentration. HUD proposes to use several criteria for determining which metropolitan areas would best be served by application of Small Area FMRs in the administration of the HCV program. These criteria include a threshold number of vouchers within a metropolitan area, the concentration of current HCV tenants in low-income areas, and the percentage of renter occupied units within the metropolitan area with gross rents above the payment standard basic range. Public housing agencies (PHAs) operating in designated metropolitan areas would be required to use Small Area FMRs. PHAs not operating in the designated areas would have the option to use Small Area FMRs in administering their HCV programs. Other programs that use FMRs would continue to use area-wide FMRs. HUD's goal in pursuing this rulemaking is to provide HCV tenants with a greater ability to move into areas where jobs, transportation, and educational opportunities exist.
81 FR 39218
https://www.govinfo.gov/app/details/FR-2016-06-16/2016-13939
2016-13939
fr16jn16-20
RIN 2501-AD74
4210-67-P
Docket No. FR-5855-P-02
https://www.govinfo.gov/app/details/FR-2016-06-16/2016-13939
https://www.govinfo.gov/content/pkg/FR-2016-06-16/html/2016-13939.htm
https://www.govinfo.gov/content/pkg/FR-2016-06-16/pdf/2016-13939.pdf
Grant Programs-Housing and Community Development
Rent Subsidies
Grant Programs-Indians
Indians
Public Housing
Reporting and Recordkeeping Requirements
Low and Moderate Income Housing
17 p.
39218
39234
81 FR 39218
Code of Federal Regulations
Title 24 Part 888
24 CFR Part 888
Code of Federal Regulations
Title 24 Part 982
24 CFR Part 982
Code of Federal Regulations
Title 24 Part 983
24 CFR Part 983
Code of Federal Regulations
Title 24 Part 985
24 CFR Part 985
Regulation Identification Number 2501-AD74
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. 81, Issue
PRORULE
2016-13939
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2016-08-15
Docket No. FR-5855-P-02
4210-67-P
2016-13939
Proposed rule.
This rulemaking proposes the use of Small Area Fair Market Rents (Small Area FMRs) in the administration of the Housing Choice Voucher (HCV) program for certain metropolitan areas. HUD is proposing to use Small Area FMRs in place of the current 50th percentile rent to address high levels of voucher concentration. HUD believes that Small Area FMRs gives HCV tenants a more effective means to move into areas of higher opportunity and lower poverty areas by providing them with subsidy adequate to make such areas accessible and to thereby reduce the number of voucher families that reside in areas of high poverty concentration. HUD proposes to use several criteria for determining which metropolitan areas would best be served by application of Small Area FMRs in the administration of the HCV program. These criteria include a threshold number of vouchers within a metropolitan area, the concentration of current HCV tenants in low-income areas, and the percentage of renter occupied units within the metropolitan area with gross rents above the payment standard basic range. Public housing agencies (PHAs) operating in designated metropolitan areas would be required to use Small Area FMRs. PHAs not operating in the designated areas would have the option to use Small Area FMRs in administering their HCV programs. Other programs that use FMRs would continue to use area-wide FMRs. HUD's goal in pursuing this rulemaking is to provide HCV tenants with a greater ability to move into areas where jobs, transportation, and educational opportunities exist.
Comment Due Date: August 15, 2016.
For information about this rule, contact Peter B. Kahn, Director, Economic and Market Analysis Division, Office of Economic Affairs, Office of Policy Development and Research, U.S. Department of Housing and Urban Development, 451 7th Street SW., Washington, DC 20410, telephone (202) 402-2409; email: SAFMR_Rule@hud.gov. The listed telephone number is not a toll-free number. Persons with hearing or speech impairments may access this number through TTY by calling Federal Relay Service at 1-800-877-8339 (this is a toll-free number).
Grant Programs-Housing and Community Development
Rent Subsidies
Grant Programs-Indians
Indians
Public Housing
Reporting and Recordkeeping Requirements
Low and Moderate Income Housing
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
,
SAFMR_Rule@hud.gov
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2255799
http://ww.regulations.gov
http://www.huduser.gov/portal/datasets/fmr.html
http://www.huduser.gov/portal/publications/affhsg/hcv_2015draftfinalreport.html
http://www.regulations.gov
https://www.huduser.gov/portal/datasets/fmr.html
https://www.huduser.gov/portal/datasets/fmr/smallarea/index.html
www.regulations.gov
Federal Register
Vol. 81, no. 116
Office of the Federal Register, National Archives and Records Administration
2016-06-16
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374 p.
Table of Contents:
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GS 4.107:
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https://www.govinfo.gov/app/details/FR-2016-06-16
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https://www.govinfo.gov/app/details/FR-2016-06-16
https://www.govinfo.gov/content/pkg/FR-2016-06-16/pdf/FR-2016-06-16.pdf
https://www.govinfo.gov/content/pkg/FR-2016-06-16/xml/FR-2016-06-16.xml
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