2014-08895. Final Fair Market Rents for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program Fiscal Year 2014; Update

AGENCY:

Office of the Assistant Secretary for Policy Development and Research, HUD.

ACTION:

Notice of Final Fiscal Year (FY) 2014 Fair Market Rents (FMRs), Update.

SUMMARY:

Today's notice updates the FY 2014 FMRs for Santa Barbara-Santa Maria-Goleta, CA, MSA, and Stamford-Norwalk, CT, HUD Metro FMR Area (HMFA), based on surveys conducted in November 2013 by the area public housing agencies (PHAs). The FY 2014 FMRs for these areas reflect the estimated 40th percentile rent levels trended to April 1, 2014.

DATES:

Effective Date: The FMRs published in this notice are effective on April 18, 2014.

FOR FURTHER INFORMATION CONTACT:

For technical information on the methodology used to develop FMRs or a listing of all FMRs, please call the HUD USER information line at 800-245-2691 or access the information on the HUD USER Web site: http://www.huduser.org/​portal/​datasets/​fmr.html. FMRs are listed at the 40th or 50th percentile in Schedule B. For informational purposes, 40th percentile recent-mover rents for the areas with 50th percentile FMRs will be provided in the HUD FY 2014 FMR documentation system at http://www.huduser.org/​portal/​datasets/​fmr/​fmrs/​docsys.html&​data=​fmr14 and 50th percentile rents for all FMR areas are published at http://www.huduser.org/​portal/​datasets/​50per.html.

Questions related to use of FMRs or voucher payment standards should be directed to the respective local HUD program staff. Questions on how to conduct FMR surveys or concerning further methodological explanations may be addressed to Marie L. Lihn or Peter B. Kahn, Economic and Market Analysis Division, Office of Economic Affairs, Office of Policy Development and Research, telephone [phone]. Persons with hearing or speech impairments may access this number through TTY by calling the toll-free Federal Relay Service at 800-877-8339. (Other than the HUD USER information line and TDD numbers, telephone numbers are not toll-free.)

SUPPLEMENTARY INFORMATION:

The FMRs appearing in the following table supersede the values found in Schedule B that became effective on October 1, 2013, and were printed in the October 3, 2013 Federal Register (available from HUD at: http://www.huduser.org/​portal/​datasets/​fmr/​fmr2014f/​FY2014_​FR_​Preamble.pdf).

The FMRs for the two affected areas are revised as follows:

2014 Fair market rent area	FMR by number of bedrooms in unit
	0 BR	1 BR	2 BR	3 BR	4 BR
Santa Barbara-Santa Maria-Goleta, CA MSA	1042	1197	1435	1918	2220
Stamford-Norwalk, CT HMFA	1269	1538	1910	2379	2959

Dated: April 11, 2014.

Jean Lin Pao,

General Deputy Assistant Secretary for Policy Development & Research.