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HUD proposes housing vouchers on ZIP code level

06/22/2016

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Community options are limited for individuals seeking a place to live using housing vouchers, but the U.S. Department of Housing and Urban Development hopes to make the process easier. On June 15, HUD released a propsal to the public to change the geography used to calculate the Fair Market Rents (FMRs). Instead of measuring by city-wide rent rates, the proposal suggests breaking the formula down by neighborhood in metro areas that have strongly diverse rental prices. Housing Choice Voucher (HCV) families in certain metropolitan areas would be able to recieve a subsidy that would sustain rent in areas of more opportunity. Public comment is open for 60 days since its release. According to the proposal, the current formula “has not proven effective in addressing the problem of…

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