FAIR MARKET RENT (FMR)

What is FAIR MARKET RENT (FMR)?

FAIR MARKET RENT (FMR) meaning in Urban terms is Primarily used to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine initial rents for housing assistance payment contracts in the Moderate Rehabilitation Single Room Occupancy program, and to serve as a rent ceiling in the HOME rental assistance program.

 

reference: Glossary of HUD Terms | US Department of Housing and Urban Development

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