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Question: With the decrease in FMR’s for 2018, what are your Leasing projects doing for those clients whose rents are at the top 2017 FMR rate? Moving the clients, finding other funding sources for the rent amount that is now over the 2018 FMR? Would like to know how your projects or Continuum is handling this.

By Connie Hill
Riverside City & County CoC

2 Comments

  1. Joe Colletti PhD on May 7, 2019 at 9:45 am

    The following response is from William Snow, Office of Special Needs Assistance Programs:

    “It is important to distinguish how FMR is used. It is first used to calculate the amount of money a grant gets. When that happens we use the FMR in place at the time the NOFA closes. However, for the purposes of calculating leasing rents the cap on the HUD-funded portion is the FMR in place at the time the rent is calculated. This is often different than the rent the grant was awarded under (which your question correctly addressed). The main thing we see is CoCs using other funding sources or trying to negotiate with landlords. At times they have to move but we certainly would love to avoid that if at all possible.”

  2. Kim Albers on May 2, 2019 at 11:11 am

    Santa Barbara County had a significant increase in FMR for 2018.

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