Examples of Market Rent in a sentence
Allowable Expense Level (AEL), Fair Market Rent (FMR), and Total Development Cost (TDC) are used to adjust the amount of subsidy for FCAS to reflect local conditions.
This is based on an analysis of the cost to rent a unit at the Fair Market Rent, which is determined by the U.S. Department of Housing and Urban Development.
The PHA will annually set the flat rental amount for each public housing unit at no less than eighty percent (80%) of the applicable Fair Market Rent (FMR), and then reduce that amount by the applicable utility allowance.
The results of any successful changes to Fair Market Rent (FMR), Total Development Cost (TDC), and the U.S. Census Bureau Population Estimates data should also be submitted by August 1, 2020.
Average Market Rent (AMR) represents the rents across the entire private rental housing stock and includes older stock and units rented below market due to rent control.