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

credit:


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


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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