24 C.F.R. § 888.111

Fair market rents for existing housing: Applicability

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(a) The fair market rents (FMRs) for existing housing are determined by HUD and are used in the Section 8 Housing Choice Voucher program (HCV program) (part 982 of this title), Section 8 project-based assistance programs and other programs requiring their use. In the HCV program, the FMRs are used to determine payment standard schedules. In the Section 8 project-based assistance programs, the FMRs are used to determine the maximum initial rent (at the beginning of the term of a housing assistance payments contract).

(b) Fair market rent means the rent, including the cost of utilities (except telephone), as established by HUD, pursuant to this subpart, for units of varying sizes (by number of bedrooms), that must be paid in the market area to rent privately owned, existing, decent, safe and sanitary rental housing of modest (non-luxury) nature with suitable amenities.

[64 FR 56911, Oct. 21, 1999, as amended at 81 FR 80580, Nov. 16, 2017]

Notes of Decisions

Cited in 5 cases, 1997–2013 · leading case: East Houston Est. Apts., L.L.C. v. City of Houston, 294 S.W.3d 723 (Tex. App. 2009).

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East Houston Est. Apts., L.L.C. v. City of Houston, 294 S.W.3d 723 (Tex. App. 2009). “The remaining Designated Units shall be rented only to those families whose gross income does not exceed eighty percent (80%) of the median income for the area, as determined by HUD, and these units shall bear rents no greater than the lesser of— (1) the fair market rent for…”

One & Ken Valley Hous. Grp. v. Maine State Hous. Auth., 716 F.3d 218 (1st Cir. 2013). “” 24 C.F.R. § 888.111 (b). The figures are adjusted to “exclude public housing units, newly built units and substandard units.”

Watson v. Fed. Emergency Mgmt. Agency, 437 F. Supp. 2d 638 (S.D. Tex. 2006). “24 C.F.R. § 888.111 (b) (emphasis added).”

Westgate Vill. Apts. v. Sims (In Re Sims), 213 B.R. 641 (Bankr. W.D. Pa. 1997). “24 C.F.R. § 888.111 . Fair market rent is defined in 24 C.”

East Houston Est. Apts., L.L.C. v. the City of Houston (Tex. App. 2009). “The remaining Designated Units shall be rented only to those families whose gross income does not exceed eighty percent (80%) of the median income for the area, as determined by HUD, and these units shall bear rents no greater than the lesser of-- (1) the fair market rent for…”

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