Section 8: HUD changing FMR in the near future?

[Garrett Fulton]

Hello BP,

I've been reading that HUD is looking to roll out a new way to calculate fair market rates for section 8 housing in large metropolitan areas. The new policy called "small area fair market rate would set new fair market rates by zip codes within a city. Some zip codes would be lower than the average and others would be higher.

Here's the link to the HUD site.

http://www.regulations.gov/#!documentDetail;D=HUD-...

I looked up what the new fair market rates would be in Baltimore for my properties zip codes and it looks as though I would take a 10%-15% cut in my rents if this policy is rolled out in Baltimore.

Do any of you guys know when this new policy would take effect?

Will it be mandatory for all PHAs to adopt this policy?

What's the likelihood of this policy even being passed? 

Thanks for you input!