Summary: HUD issued proposed Fair Market Rents (FMRs). The proposed FY 2013 FMRs in HUD’s notice reflect several updates to the methodology used to calculate FMRs. First, HUD has updated the bedroom ratios used to calculate 0, 1, 3 and 4 bedroom FMRs based on the 2 bedroom
FMR. The new bedroom ratios are constructed using 2006–2010 5-year American Community Survey (ACS) data. The methodology for calculating the bedroom ratios is very similar to the method used when the bedroom ratios were based on 2000
decennial census long-form data. Second, these FMRs reflect a new trend factor calculation methodology which HUD stated would be implemented in its proposed FY 2012 FMR publication on August 19, 2011 (76 FR 52058). This trend factor is based on national gross rent data and will change annually. Comments are due on September 4, 2012. NAHRO will be filing comments through www.regulations.gov. NAHRO members are encouraged to share their comments with us for this purpose at firstname.lastname@example.org
Publication Issuance Date: August 3, 2012
View the notice here.