Dennis Norman
Annually, HUD determines “fair market rents” which become effective October 1st each year and are used to determine rent amounts under the Housing Choice Voucher program, Housing Assistance Payment Contracts, Moderate Rehab programs as well as other Section 8 programs.
Earlier this month HUD published in the Federal Register it’s proposed fair market rents to be effective October 1, 2010. The complete list of proposed rents by state, county and metropolitan area by can be found by clicking here.
Even though there is a 30-day period for public comment that is not up until next month, I would anticipate the proposed rents will not be changed and will be the rates that become effective on October 1st. For those investors that do not rent property utilizing any of the HUD programs, this information is still a pretty good barometer of rental amounts for a particular area.
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