RegulationsRentals

HUD proposes housing vouchers on ZIP code level

Proposal would break down certain metropolitan areas by ZIP code level
  • U.S. Department of Housing and Urban Development proposal is up for public comment for 60 days after its release on June 15.
  • Housing Choice Voucher program would be under a new formula to calculate rent subsidies by ZIP code instead of entire metropolitan areas.
  • The proposal is said to help improve the ability for housing voucher families to live in areas of high opportunity and decrease the number of those in low poverty neighborhoods.

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Community options are limited for individuals seeking a place to live using housing vouchers, but the U.S. Department of Housing and Urban Development hopes to make the process easier. On June 15, HUD released a propsal to the public to change the geography used to calculate the Fair Market Rents (FMRs). Instead of measuring by city-wide rent rates, the proposal suggests breaking the formula down by neighborhood in metro areas that have strongly diverse rental prices. Housing Choice Voucher (HCV) families in certain metropolitan areas would be able to recieve a subsidy that would sustain rent in areas of more opportunity. Public comment is open for 60 days since its release. According to the proposal, the current formula "has not proven effective in addressing the problem of concentrated poverty and economic and racial segregation in neighborhoods." Areas to be covered by the new proposal include the Chicago metro, Washington D.C., New York City, San Antonio, Oak...