HUD Small Area Fair Market Rents
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application/zip | 31.1 MB | 02/12/2025 10:23:AM |
Project Citation:
HUD. HUD Small Area Fair Market Rents. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-02-12. https://doi.org/10.3886/E219161V1
Project Description
Project Title:
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HUD Small Area Fair Market Rents
Summary:
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Small Area Fair Market Rents (SAFMRs) are FMRs calculated for ZIP Codes. Small Area FMRs are required to be used to set Section 8 Housing Choice Voucher payment standards in areas designated by HUD (available here). Other Housing Agencies operating in non-designated metropolitan areas or non-metropolitan counties may opt-in to the use of Small Area FMRs. Furthermore, Small Area FMRs may be used as the basis for setting Exception Payment Standards – PHAs may set exception payment standards up to 110 percent of the Small Area FMR. PHAs administering Public Housing units may use Small Area FMRs as an alternative to metropolitan area-wide FMRs when calculating Flat Rents. Please See HUD’s Small Area FMR Final Rule for additional information regarding the uses of Small Area FMRs.
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