How will rent increases be determined under an FMR lease?
Rents, which may go up or down, are set by HUD based upon annual FMR schedules. Back to the Top • Will apartments be inspected annually for those who transition to a Section 8 lease? Yes, but HUD requires that the inspection be done by an entity that is not affiliated with NYCHA. Back to the Top • How stable is funding for the Section 8 program? While there are no guarantees, NYCHA’s experience over the past 10 years is that federal funding for public housing has substantially diminished in contrast to the Section 8 program where funding has grown considerably during that period.
