Small Area FMR Resources
On Dec. 6, HUD sent an email with an attached letter that contains links to several resources to implement small area fair market rents (FMRs) to PHA executive directors. The resources mentioned in that letter are the following:
- Small Area FMR Notice PIH 2023-32;
- Documents highlighting best practices for Small Area FMR implementation:
The communication also reminds executive directors that PHAs in metro areas that must mandatorily implement small area FMRs will receive $10,000 in supplemental administrative fees.
The HUD small area FMR letter can be found here.