HUD Updates Fair Market Rate Definition

The U.S. Department of Housing and Urban Development announced two actions last week intended to expand the reach of federal housing voucher programs.

1 minute read

September 4, 2023, 7:00 AM PDT

By James Brasuell @CasualBrasuell


The U.S. Department of Housing and Urban Development (HUD) announced that it will increase the definition of fair market rents by 12 percent, to increase the amount of rent that qualifies for the Housing Choice Voucher Program, according to a August 31 press release.

“These updated Fair Market Rents and our funding will ensure households can utilize vouchers in a competitive rental market,” said HUD Secretary Marcia Fudge in a statement included in the press release. The rising definition of fair market rate reflects the rising cost of rental housing around the United States, as well as the inflation that has defined the economy for over a year. 

In addition to the change to fair market housing, the Office of Public and Indian Housing (PIH) also announced an additional $113 million in Housing Choice Voucher funding awards for 118 high-performing public housing agencies in 36 states, according to the press release.

Thursday, August 31, 2023 in U.S. Department of Housing and Urban Development

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Close-up of "Apartment for rent" sign in red text on black background in front of blurred building

Trump Administration Could Effectively End Housing Voucher Program

Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

April 21, 2025 - Housing Wire

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 30, 2025 - Diana Ionescu

Close-up on Canadian flag with Canada Parliament building blurred in background.

Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?

As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?

April 28, 2025 - Benjamin Schneider

Close-up on woman in white and blue striped knee-length dress standing next to mint green cruiser bike resting against low wrought iron fence in front of green lawn.

Paris Voters Approve More Car-Free Streets

Paris Mayor Anne Hidalgo says the city will develop a plan to close 500 streets to car traffic and add new bike and pedestrian infrastructure after a referendum on the proposal passed with 66 percent of the vote.

1 hour ago - domus

Close-up of man in manually operated wheelchair waiting at urban crosswalk.

Making Mobility More Inclusive

A new study highlights the challenges people with disabilities continue to face in navigating urban spaces.

2 hours ago - Greater Good Magazine

US and Texas flags flying in front of Texas state capitol dome in Austin, Texas.

Texas Bills Could Push More People Into Homelessness

A proposal to speed up the eviction process and a bill that would accelerate enforcement of an existing camping ban could make the state’s homelessness crisis worse, advocates say.

3 hours ago - The Texas Tribune