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Understanding Section 8 Fair Market Rent: How It Works and Its Importance
Posted by section 8 housing network on September 23, 2024 at 7:01pm 0 Comments 0 Likes
What is Section 8 Fair Market Rent?
Fair Market Rent is the rent that HUD establishes for different areas across the United States. It represents the cost of renting a moderately priced home in a given region, ensuring that low-income families can afford to live in safe, decent housing. FMR is calculated annually and is adjusted for inflation and housing market conditions. It varies…
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