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HUD/HUDSEC RIN: 2501-AC75 Publication ID: Spring 2001 
Title: Fair Market Rents for the Section 8 Tenant-Based Rental Housing and Homeownership Programs; Higher Fair Market Rents for Certain FMRs Areas (FR-4606) 
Abstract: This rule follows the interim final rule that implemented HUD's new fair market rent (FMR) policy. The new FMR policy targets relief to areas where higher FMRs are needed to help families, assisted under HUD's Housing Choice Voucher Program as well as other HUD programs, find and lease decent and affordable housing. With respect to the Housing Choice Voucher Program, the policy provides that where necessary to ensure the effective operation of this program, PHAs will be allowed to set their payment standards based on the 50th percentile rent rather than the published 40th percentile FMR. This aspect of the policy is designed to ensure that families with housing vouchers have access to at least half of all newly available units in those areas. In addition, the new FMR policy increases FMRs to the 50th percentile in those metropolitan areas where an FMR increase is most needed to promote residential choice, help families move closer to areas of job growth, and deconcentrate poverty. Where it is determined that an FMR increase is needed in a metropolitan area, the increased FMR applies to all the HUD programs that use FMRs in that metropolitan area. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 888    24 CFR 982    24 CFR 985   
Legal Authority: 42 USC 1437a    42 USC 1437c    42 USC 1437F    42 USC 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  10/02/2000  65 FR 58870   
Interim Final Rule Comment Period End  11/16/2000    
Interim Final Rule Effective  12/01/2000    
Final Action  04/00/2001    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact:
Carl Jurison
Director, Housing Voucher Management and Operations
Department of Housing and Urban Development
Office of Public and Indian Housing
Phone:202 708-0477