HUD Publishes Proposed 2018 Fair Market Rents (FMRs) - September 6, 2017

In a notice published on September 1 in the Federal Register, HUD published its proposed FMRs for FY2018.  The new FMRs will go into effect on October 2 except in cases where HUD receives a request for a re-evaluation.  Comments are due no later than October 2.  As proposed, FMRs will increase in 18 FMR areas in Massachusetts and decline in one (the Lawrence FMR area) and 10 areas will see two-bedroom FMR increases of 10% or more.  The two bedroom FMR for the Boston-Cambridge-Quincy FMR area will rise by 2.9% to a gross rent of $1,740.  Proposed FMRs for individual areas can be found at https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2018_code/select_Geography.odn