New Fair Market Rents (FMRs) have been published at HUDuser.gov and will take effect on October 1, 2017.
Furthermore, in May of this year, HUD proposed changes to the methodology for estimating fair market rents (for a summary of those changes see a previous story). 22 public comments were submitted regarding the proposed changes, the majority of which were positive and the proposed changes have been accepted in their entirety.
Representative Tom Cole (R-OK) will chair the full House Appropriations committee, following the retirement of Chair Kay Granger (R-TX) at the end of her term.
On April 16, the Housing, Transportation and Community Development Subcommittee of the Senate Committee on Banking, Housing and Urban Affairs held a hearing on Challenges in Preserving the U.S. Housing Stock.
The Senate Committee on Banking, Housing and Urban Affairs will hold an Oversight of Federal Housing Regulators hearing on April 18 at 10 a.m. ET. HUD Acting Secretary Adrianne Todman and Federal Housing Finance Agency (FHFA) Director Sandra Thompson will testify.
HUD published a proposed rule that would amend the regulations governing admission to certain HUD-supported housing for applicants with criminal records or histories of involvement with the criminal justice system and evictions based on illegal drug use, drug-related criminal activity or other criminal activity.