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What is Fair Market Rent (FMR) and how do I find out what it is in my area?

April 26, 2017area fair fmr market rent

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What is Fair Market Rent (FMR) and how do I find out what it is in my area?

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FMR is the number used to determine how much a landlord can charge for rent in a specific area when housing costs are subsidized. The figure is determined by HUD. Contact your local public housing authority (PHA) to get the FMR in your area. To find your PHA, visit HUD.gov/offices/pih/pha/contacts. Note that while the topics of affordability and the availability of housing subsidies are significant societal issues, these are not topics the Fair Housing Council can assist you with. If you have questions, be sure to contact your local public housing authority as indicated above.