US Department of Housing and Urban Development Washington, DC August 11, 2017 Dear PHA Executive Director: The Small Area Fair Market Rent (FMR) Final Rule was published on November 16, 2016 (81 FR 80567) and became effective on January 17, 2017. Under the final rule the use of Small Area FMRs is required in the administration of the HCV program for certain … [Read more...] about HUD letter suspending mandatory Small Area FMR implementation (August 2017)