HUD’s 2016 Fair Market Rents are Published

On December 11, 2015, HUD released the Fiscal Year 2016 Fair Market Rents (FMRs) via the Federal Register. HUD uses these rents as a benchmark when determining initial renewal rents for some expiring project-based Section 8 contracts. Area FMRs are the estimated rents a household will pay for rent and utilities at a privately owned, modest, apartment community. For a full listing of the 2016 FMRs, click here.