[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR888.111]



[Page 167-168]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

  CHAPTER VIII--OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL 

 

PART 888_SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM_FAIR MARKET 

RENTS AND CONTRACT RENT ANNUAL ADJUSTMENT FACTORS--Table of Contents

 

                       Subpart A_Fair Market Rents

 

Sec.  888.111  Fair market rents for existing housing: Applicability.









                       Subpart A_Fair Market Rents



Sec.

888.111 Fair market rents for existing housing: Applicability.

888.113 Fair market rents for existing housing: Methodology.

888.115 Fair market rents for existing housing: Manner of publication.



            Subpart B_Contract Rent Annual Adjustment Factors



888.201 Purpose.

888.202 Manner of publication.

888.203 Use of contract rent automatic annual adjustment factors.

888.204 Revision to the automatic annual adjustment factors.



Subpart C_Retroactive Housing Assistance Payments for New Construction, 

Substantial Rehabilitation, State Finance Agencies, Section 515 Farmers 

  Home Administration, Section 202 Elderly or Handicapped, and Special 

                          Allocations Projects



888.301 Purpose and scope.

888.305 Amount of the retroactive Housing Assistance Payments.

888.310 Notice of eligibility requirements for retroactive payments.

888.315 Restrictions on retroactive payments.



[[Page 168]]



888.320 One-time Contract Rent determination.



     Subpart D_Retroactive Housing Assistance Payments for Moderate 

                         Rehabilitation Projects



888.401 Purpose and scope.

888.405 Amount of the retroactive Housing Assistance Payments.

888.410 Notice of eligibility requirements for retroactive payments.

888.415 Restrictions on retroactive payments.

888.420 One-time Contract Rent determination.



    Authority: 42 U.S.C. 1437f and 3535d.



    Source: 50 FR 38796, Sept. 25, 1985, unless otherwise noted.



    Editorial Note: For revisions and amendments affecting Schedules A, 

B, C, and D, issued under part 888, but not carried in the Code of 

Federal Regulations, see the List of CFR Sections Affected, in the 

Finding Aids section of the printed volume and on GPO Access.







    (a) The fair market rents (FMRs) for existing housing are determined 

by HUD and are used in the Section 8 Housing Choice Voucher Program 

(``voucher program'') (part 982 of this title), Section 8 project-based 

assistance programs and other programs requiring their use. In the 

voucher program, the FMRs are used to determine payment standard 

schedules. In the Section 8 project-based assistance programs, the FMRs 

are used to determine the maximum initial rent (at the beginning of the 

term of a housing assistance payments contract).

    (b) Fair market rent means the rent, including the cost of utilities 

(except telephone), as established by HUD, pursuant to this subpart, for 

units of varying sizes (by number of bedrooms), that must be paid in the 

market area to rent privately owned, existing, decent, safe and sanitary 

rental housing of modest (non-luxury) nature with suitable amenities.



[64 FR 56911, Oct. 21, 1999]