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HUD has published the fiscal year 2022 Fair Market Rents (FMRs). The FMRs are effective Oct. 1. FMRs are used to determine payment standards for HUD’s various housing programs. In general, the FMR for an area is the amount that a tenant would need to pay the gross rent (shelter rent plus utilities) of privately owned, decent, and safe rental housing of a modest nature; HUD’s housing assistance payments for residents are limited by FMRs for different geographic areas, including Small Area Fair Market Rents (SAFMRs).
