How changes to Fair Market Rent affects access to affordable housing for extremely low-income renters
Community and Economic Development Program of UNC
MARCH 27, 2024
Landlord participation in the voucher program has declined both nationally and in North Carolina from around 90% in 2018 to 80% in 2024. For instance, the 2024 FMR was calculated using ACS data from 2017 to 2021. HUD then adjusts these rents to current levels using the Consumer Price Index (CPI). [2]
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