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HUD/HUDSEC

RIN: 2501-AC75

Publication ID: Spring 2005

Title: Fair Market Rents Programs: Increased Fair Market Rents for Certain Areas and Higher Payment Standards (FR-4606)
Abstract: Section 8(c)(1) of the United States Housing Act of 1937 requires the Secretary to publish Fair Market Rents (FMRs) annually to be effective on October 1 of each year. FMRs are 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, and to determine initial rents for housing assistance payments (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program. HUD's regulations governing FMRs are found in 24 CFR part 888. On October 2, 2000, HUD published an interim rule that made certain changes to these regulations. The final rule will take into consideration the public comments received on the interim rule.
Agency: Department of Housing and Urban Development(HUD)	Priority: Economically Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: Yes	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
Merged With RIN 2577-AC44 (FR-4838)	03/04/2005

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