Preliminary analysis by Novogradac & Company indicates that the HUD proposed fiscal year 2012 fair market rents (FMRs), released August 19, represent decreases in FMR levels for a vast majority of the country. Specifically, the FMRs for approximately 70 percent of counties are proposed to be lower in FY 2012 than in FY 2011. FMRs are used by HUD to determine rent amounts for the Housing Choice Voucher, Housing Assistance Payment Contracts, Moderate Rehab, and other Section 8 programs. To read the 2012 Proposed HUD FMRs, click here.
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