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On Oct. 3, HUD issued the final 2015 Fair Market Rents (FMRs). FMRs are used by HUD to set rents for the Housing Choice Voucher program and the Project-Based Voucher program. Project-based housing assistance payment (HAP) contracts also refer to FMRs for eligibility purposes in the Option 1 Entitlement Mark Up to Market rent increase mechanism. The FY 2015 FMRs are effective as of Oct. 1, 2014.
