# Fair Market Rents for Section 8 Existing Housing; Amendments to Method of Calculating
> **US Department of Housing and Urban Development** · Final rule. · Published 1995-08-15 · Effective 1995-09-14 · 60 FR 42222
## Document
- **Document number:** 95-19834
- **Category:** hud-housing-vouchers
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 60 FR 42222
- **CFR reference:** 24 CFR 888
- **Publication date:** 1995-08-15
- **Effective date:** 1995-09-14
- **Docket:** Docket No. FR-3694-F-02
## Abstract

This final rule amends the Department's regulations at 24 CFR part 888 governing the method of calculating Fair Market Rents (FMRs) for Section 8 Existing housing programs including the Section 8 Rental Certificate program (including space rentals by owners of manufactured homes under that program); the Moderate Rehabilitation Single Room Occupancy program; the Loan Management and Property Disposition programs; payment standards for the Rental Voucher program; and any other programs which use the Section 8 FMRs. HUD is changing the definition from the 45th percentile of the rental distribution of standard quality rental housing units to the 40th percentile as a cost saving measure. On average, FMRs will be 3.3 percent less than if they were set at the 45th percentile level. This change will not significantly affect September 8 program operations. Families will continue to have an adequate choice of good housing and neighborhoods at the 40th percentile FMR.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/08/15/95-19834/fair-market-rents-for-section-8-existing-housing-amendments-to-method-of-calculating)
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