HUD Issues Oregon FY 2008 Proposed Fair Market Rents, Rural Areas Got Biggest Boost, Salem Virtually None. Comments Due Aug. 13

On July 12, HUD finally issued proposed fair market rents for use in the largest HUD rental assistance housing program in Oregon, the Housing Choice voucher program.

A quick review shows that for the benchmark 2 bedroom unit size: Rural areas got the largest percentage increase of 5% ($28-31 per month), while the increase in Portland was only about half of that at 2.7%,% ($ 20 per month). Marion County/Salem limped in with the lowest increase a meager .2% or $1 a month.

Exclusive Oregon Housing Blog Download Available: A one page MS Excel summary of Oregon 2 BR. Fair Market Rent Comparisons for 2007 and 2008 by County /Metro area is available for download here.

HUD Data Sources: The main HUD fair market rents page is here. (Readers encouraged to download and read the FY 2008 preamble here.)

Highly detailed calculations showing how rent increases were determined for Oregon can be individually searched here http://www.huduser.org/datasets/fmr/fmrs/st.odb

August 13 comment deadline: Despite HUD’s long delay in issuing the proposed FMR’s for FY 2008, comments on proposed FMRS are due August 13, a month after issuance.