Understanding Section 8 Housing

The Section 8 Housing Choice Voucher Program, administered by the U.S. Department of Housing and Urban Development (HUD), helps low-income families, the elderly, and the disabled afford decent and safe housing in the private market. Participants receive a voucher that covers a portion of their rent, with the amount based on their income and the fair market…

What is Fair Market Rent (FMR)?

Fair Market Rent (FMR) is a crucial metric used by HUD to determine the maximum allowable rent that can be covered by the Section 8 program. FMR represents the cost of rent plus basic utilities (excluding telephone, cable, and internet) in a specific geographic area. These values are calculated annually and vary widely based on location, reflecting the local…