top of page
Search
  • Metro East REIA

HUD Releases 2023 Fair Market Rents

The U.S. Department of Housing and Urban Development announced their new FY 2023 Fair Market Rates (FMR’s) which are used to determine payment standards for many housing assistance programs, including Housing Choice Vouchers (HCV) and Project-Based Section 8 programs. Published annually, the FMR’s are an estimate of the amount of money that would cover gross rents (rent and utility expenses) on 40 percent of the rental housing units in an area. HUD’s notice indicates that the 2923 FMRs will take effect on October 1, 2022. Continue reading HERE...

0 views0 comments

Recent Posts

See All

The National Association of Realtors is reporting that existing home sales were down 1,5% in December to a seasonally-adjusted annual rate of 4.02 million (down 34% year over year). Total housing inv

The U.S. government is reporting that privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,382,000, which is 1.4% lower than November’s revised number and 21.8% lo

We recently posted the 2022 U-Haul numbers revealing the migration patterns based on their one-way truck rentals. Now we’re looking at United Van Lines’ 46th Annual National Movers Study. United say

bottom of page