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Worcester Zoning Ord. art. VII

Citation
Worcester Zoning Ord. art. VII
Parent Document
Worcester Zoning Ord. art. VII
Jurisdiction
Worcester (municipal)

Full Text

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F.       FAIR MARKET RENTS - Fair Market Rents (FMRs) are estimates of rent plus the cost
of utilities, except telephone. FMRs are housing market-wide estimates of rents that provide
opportunities to rent standard quality housing throughout the geographic area in which rental
housing units are in competition. The level at which FMRs are set is expressed as a percentile
point within the rent distribution of standard quality rental housing units in the FMR area. HUD
publishes FMRs annually.