| Data Dictionary: | Income Limits and Fair Market Rent 2018 |
| Data Source: | Social Explorer; U.S. Department of Housing and Urban Development |
"HUD is setting the selection values to determine the first-set of metropolitan FMR areas subject to Small Area FMRs for use in the administration of tenant-based assistance under the HCV program. Metropolitan FMR areas that meet the following requirement will be subject to Small Area FMRs consistent with 24 CFR 888.113(c): (i) There are at least 2,500 HCV under lease; (ii) At least 20 percent of the standard quality rental stock, within the metropolitan FMR area is in small areas (ZIP codes) where the Small Area FMR is more than 110 percent of the metropolitan FMR; (iii) The percentage of voucher families living in concentrated low income areas relative to all renters within the area must be at least 25 percent; (iv) The measure of the percentage of voucher holders living in concentrated low income areas relative to all renters within these areas over the entire metropolitan area exceeds 155 percent (or 1.55); and (v) The vacancy rate for the metropolitan area is higher than 4 percent. The vacancy rate is calculated using data from the 1-year American Community Survey (ACS) tabulations, the vacancy rate is the number of Vacant For Rent Units divided by the sum of the number of Vacant For Rent Units, the number of Renter Occupied Units, and the number of Rented, not occupied units. The vacancy rate will be calculated from the 3 most current ACS 1 year datasets available and average the 3 values. The metropolitan FMR Areas that meet these requirements are as follows: Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area Bergen-Passaic, NJ HUD Metro FMR Area Charlotte-Gastonia-Rock Hill, NC-SC HUD Metro FMR Area Chicago-Joliet-Naperville, IL HUD Metro FMR Area Colorado Springs, CO HUD Metro FMR Area Dallas-Plano-Irving, TX Metro Division Fort Lauderdale-Pompano BeachDeerfield Beach, FL Metro Division Fort Worth-Arlington, TX HUD Metro FMR Area Gary, IN HUD Metro FMR Area Hartford-West Hartford-East Hartford, CT HUD Metro FMR Area Jackson, MS HUD Metro FMR Area Jacksonville, FL HUD Metro FMR Area Monmouth-Ocean, NJ HUD Metro FMR Area North Port-Bradenton-Sarasota, FL MSA Palm Bay-Melbourne-Titusville, FL MSA Philadelphia-Camden-Wilmington, PANJ-DE-MD MSA Pittsburgh, PA HUD Metro FMR Area Sacramento-Arden-Arcade-Roseville, CA HUD Metro FMR Area San Antonio-New Braunfels, TX HUD Metro FMR Area San Diego-Carlsbad-San Marcos, CA MSA Tampa-St. Petersburg-Clearwater, FL MSA Urban Honolulu, HI MSA Washington-Arlington-Alexandria, DCVA-MD HUD Metro FMR Area West Palm Beach-Boca Raton-Delray Beach, FL Metro Division". For more information, please see Final Rule Criteria Notice document: https://www.huduser.gov/portal/datasets/fmr/fmr2016f/SAFMR-Final-Rule-Criteria-Notice.pdf
"HUD is setting the selection values to determine the first-set of metropolitan FMR areas subject to Small Area FMRs for use in the administration of tenant-based assistance under the HCV program. Metropolitan FMR areas that meet the following requirement will be subject to Small Area FMRs consistent with 24 CFR 888.113(c): (i) There are at least 2,500 HCV under lease; (ii) At least 20 percent of the standard quality rental stock, within the metropolitan FMR area is in small areas (ZIP codes) where the Small Area FMR is more than 110 percent of the metropolitan FMR; (iii) The percentage of voucher families living in concentrated low income areas relative to all renters within the area must be at least 25 percent; (iv) The measure of the percentage of voucher holders living in concentrated low income areas relative to all renters within these areas over the entire metropolitan area exceeds 155 percent (or 1.55); and (v) The vacancy rate for the metropolitan area is higher than 4 percent. The vacancy rate is calculated using data from the 1-year American Community Survey (ACS) tabulations, the vacancy rate is the number of Vacant For Rent Units divided by the sum of the number of Vacant For Rent Units, the number of Renter Occupied Units, and the number of Rented, not occupied units. The vacancy rate will be calculated from the 3 most current ACS 1 year datasets available and average the 3 values. The metropolitan FMR Areas that meet these requirements are as follows: Atlanta-Sandy Springs-Marietta, GA HUD Metro FMR Area Bergen-Passaic, NJ HUD Metro FMR Area Charlotte-Gastonia-Rock Hill, NC-SC HUD Metro FMR Area Chicago-Joliet-Naperville, IL HUD Metro FMR Area Colorado Springs, CO HUD Metro FMR Area Dallas-Plano-Irving, TX Metro Division Fort Lauderdale-Pompano BeachDeerfield Beach, FL Metro Division Fort Worth-Arlington, TX HUD Metro FMR Area Gary, IN HUD Metro FMR Area Hartford-West Hartford-East Hartford, CT HUD Metro FMR Area Jackson, MS HUD Metro FMR Area Jacksonville, FL HUD Metro FMR Area Monmouth-Ocean, NJ HUD Metro FMR Area North Port-Bradenton-Sarasota, FL MSA Palm Bay-Melbourne-Titusville, FL MSA Philadelphia-Camden-Wilmington, PANJ-DE-MD MSA Pittsburgh, PA HUD Metro FMR Area Sacramento-Arden-Arcade-Roseville, CA HUD Metro FMR Area San Antonio-New Braunfels, TX HUD Metro FMR Area San Diego-Carlsbad-San Marcos, CA MSA Tampa-St. Petersburg-Clearwater, FL MSA Urban Honolulu, HI MSA Washington-Arlington-Alexandria, DCVA-MD HUD Metro FMR Area West Palm Beach-Boca Raton-Delray Beach, FL Metro Division". For more information, please see Final Rule Criteria Notice document: https://www.huduser.gov/portal/datasets/fmr/fmr2016f/SAFMR-Final-Rule-Criteria-Notice.pdf
