Rental Housing
HUD's Methods of Determining Fair Market Rents Gao ID: RCED-86-209 August 22, 1986In response to a congressional request, GAO reviewed the Department of Housing and Urban Development's (HUD) method of determining fair market rents for its rental assistance program.
GAO found that: (1) HUD establishes the base level of rent by using the census, the American Housing Survey, and the consumer price index; (2) because HUD recognizes that limitations exist in its data, its procedures provide for appeals to improve its rent estimates; (3) HUD headquarters and field offices may take different actions regarding appeals that could result in disparities in the levels of rent allowed for new and existing units; and (4) HUD does not maintain data concerning possible disparities in allowed rent levels, such as exist in Suffolk County, New York.
RecommendationsOur recommendations from this work are listed below with a Contact for more information. Status will change from "In process" to "Open," "Closed - implemented," or "Closed - not implemented" based on our follow up work.
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