Proposed Rules. Notice of Revised Final Fiscal Year (FY) 2005 Fair Market Rents (FMRs)

Agency: Office of the Assistant Secretary for Policy Development and Research, HUD
Action: Notice of Revised Final Fiscal Year (FY) 2005 Fair Market Rents (FMRs)
Citation: 70 FR (No. 38) · FR Doc. 05-3814 · Docket No. FR-4937-N-03

Summary

Section 8(c)(1) of the United States Housing Act of 1937 (USHA) requires the Secretary to publish FMRs periodically, but not less than annually, adjusted to be effective on October 1 of each year. The primary uses of FMRs are to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts, and to determine initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program. Today's notice revises the final FY2005 FMRs that were published on October 1, 2004, for a limited number of areas. EFFECTIVE DATE: The FMRs published in this notice are effective February 28, 2005.