Copyright: Mark Van Scyoc
HUD updated its Guidance regarding Small Area Fair Market Rent (SAFMR) on January 17. The final rule affects how FMRS are calculated and implements SAFMRS in certain designated metropolitan statistical areas. The rule also makes changes to the payment standard and rent reasonableness requirements that apply to all public housing agencies administering the Housing Choice Voucher program.
This move by HUD follows an injunction by a Federal judge that ordered HUD to implement SAFMRs in jurisdictions that had previously been suspended for two years.
More information on the legal action prompting HUD’s recent actions can be found here while methodologically-focused comments from NMHC/NAA and several other real estate in support the suspension can be found here.
Staff Resource
Related Articles
- Real Estate Industry Letter to House Appropriations on CARES Act Request
- Real Estate Industry Letter to House Appropriations Subcommittee on FY27 Appropriations
- Real Estate Coalition Letter to Congress in Support of Road to Housing Passage
- Coalition Letter in Support of Workforce Housing Tax Credit
- Industry Amicus Brief in rent control case, Small Property Owners of New York, Inc. et al., v. City of New York et al.