FAIR MARKET RENTS
- The Authority determines a payment standard that is between 90 percent and 110 percent of the Fair Market Rents (FMRs). FMRs are published by HUD annually by county jurisdiction and represent the cost to rent a moderately-priced dwelling unit within the county’s local housing market. The housing voucher family’s will pay 30 percent of their monthly adjusted gross income for rent plus allowance for utilities.
When a unit contract rent becomes higher than the approved payment standard for the family’s approved voucher bedroom size, any amounts in excess of the payment standards will increase the family’s rent burden portion