WORD OF THE DAY
Fair Market Rent (FMR)
The maximum gross rent that can be covered by government subsidies for HUD Section 8 housing in a particular area. This can also be used to determine tax rates in appraisal districts.
The maximum gross rent that can be covered by government subsidies for HUD Section 8 housing in a particular area. This can also be used to determine tax rates in appraisal districts.
The maximum gross rent that can be covered by government subsidies for HUD Section 8 housing in a particular area. This can also be used to determine tax rates in appraisal districts.
Source: DanterAs the largest part of the Section 8 program, it is used to assist low-income families and the elderly or disabled pay for housing. These vouchers are administered at the local level by a city’s Public Housing Authority (PHA) to find suitable housing for tenants. Vouchers pay rent directly to landlords.
As the largest part of the Section 8 program, it is used to assist low-income families and the elderly or disabled pay for housing. These vouchers are administered at the local level by a city’s Public Housing Authority (PHA) to find suitable housing for tenants. Vouchers pay rent directly to landlords.
Source: DanterHUD guideline managed by local Public Housing Authorities that defines the “Total Resident Payment” for low-income tenants living in subsidized housing. These allowances are for basic utilities such as propane, natural gas, electricity, water & sewer, and garbage collection.
HUD guideline managed by local Public Housing Authorities that defines the “Total Resident Payment” for low-income tenants living in subsidized housing. These allowances are for basic utilities such as propane, natural gas, electricity, water & sewer, and garbage collection.
Source: Danter