HUD Seeks Comments on Proposed Change to FMR Methodology

HUD published a notice of proposed changes for estimation of Fair Market Rents (FMRs) in the Federal Register. In response to frequent comments on the need for more local and timely data, HUD is considering updating its FMR methodology to include Trend Factor Changes and to use neighboring zip codes in place of county-based Small Area FMRs. Comments are due by July 5, 2019.