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HUD/HUDSEC

RIN: 2501-AC75

Publication ID: Spring 2002

Title: Fair Market Rents for the Section 8 Tenant-Based Rental Housing and Homeownership Programs; Higher Fair Market Rents for Certain FMR 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. The new FMR policy increases FMRs needed to promote residential choice, help families move closer to areas of job growth, and deconcentrate poverty. 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: Economically 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	12/00/2002

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