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Alternative Methods For Calculating Fair Market Rents (FMRs) in Rental Markets With Rapidly Rising Rents
HUD is soliciting proposals for research that will accomplish the following:
Define “rental markets with rapidly rising rents” Identify alternative calculations to generate FMRs that more closely track market conditions in rapidly rising rental markets than current methods.
This
may include, but is not limited to, alternative sources of gross rent data and/or alternative calculation methodologies using existing data.
The primary objective of this project is to identify better methods for calculating FMRs for markets in disequilibrium where rents are rising rapidly and FMRs calculated using current methods coupled with current payment standard authority are insufficient to enable Housing Choice Voucher families to find and lease suitable units within the search time allowed.
In addition to the primary objective, this research should consider whether the alternative calculation methods should be applied to the calculation of Fair Market Rents in all types of housing markets.
Define “rental markets with rapidly rising rents” Identify alternative calculations to generate FMRs that more closely track market conditions in rapidly rising rental markets than current methods.
This
may include, but is not limited to, alternative sources of gross rent data and/or alternative calculation methodologies using existing data.
The primary objective of this project is to identify better methods for calculating FMRs for markets in disequilibrium where rents are rising rapidly and FMRs calculated using current methods coupled with current payment standard authority are insufficient to enable Housing Choice Voucher families to find and lease suitable units within the search time allowed.
In addition to the primary objective, this research should consider whether the alternative calculation methods should be applied to the calculation of Fair Market Rents in all types of housing markets.
Related Programs
Research and Evaluations, Demonstrations, and Data Analysis and Utilization
Department of Housing and Urban Development
Agency: Department of Housing and Urban Development
Office: Department of Housing and Urban Development
Estimated Funding: $500,000
Office: Department of Housing and Urban Development
Estimated Funding: $500,000
Who's Eligible
Obtain Full Opportunity Text:
https://www.huduser.gov/portal/sites/default/files/pdf/fmr-overview.pdf
Additional Information of Eligibility:
Tribally Designated Housing Entities as defined by Section 4(22) of NAHASDA and Tribes as defined by Section 4(13) of NAHASDA are eligible to compete for, or receive, awards made under this announcement.
Individuals, foreign entities, and sole proprietorship organizations are not eligible to compete for, or receive, awards made under this announcement.
Full Opportunity Web Address:
https://www.huduser.gov/portal/sites/default/files/pdf/fmr-overview.pdf
Contact:
Agency Email Description:
N/A
Agency Email:
Date Posted:
2020-06-02
Application Due Date:
Archive Date:
2020-08-01
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