Tuesday, July 7, 2009

HUD Proposed FY 2010 Fair Market Rents Must be Coming Soon.

Last year HUD published proposed FMR's on June 12th, the year before on July 12th, so I would expect the proposed FY 2010 FMR's to come out in next week or so.

HUD regulations (24 CFR 888.115) require a minimum 30 day public comment period, and a requirement for HUD to analyze comments before publication of final FMR's, prior to start of FY year on October 1st.


P.S. If your a REAL glutton for punishment HERE is the (tortured) HUD explanation of how FY 2009 Portland FMR's were determined. A similar explanation will be provided once the FY 2010 FMR's are published; similar explanations are available for ALL counties and metro areas HERE.
(You likely will have to change 2009 reference in these two URL's to 2010 to view the 2010 documentation)

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