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Fair Market Rents

Fair Market Rents Effective January 1, 2019
 Single Room Occupancy (SRO)0 BR1 BR2 BR3 BR4 BR5 BR6 BR
Fair Market Rent   $951 $1,147 $1,454 $1,934 $2,354 $2,589 $3,060
Payment Standard $672 $896 $1,097 $1,390 $1,791 $2,167 $2,491 $2,816
Moderate Rehabilitation $856 $1,141 $1,376 $1,744 $2,320      

Fair Market Rents Effective January 1, 2018
 Single Room Occupancy (SRO)0 BR1 BR2 BR3 BR4 BR5 BR6 BR
Fair Market Rent $653 $871 $1,066 $1,351 $1,796 $2,173 $2,499 $2,825
Payment Standard $672 $896 $1,097 $1,390 $1,791 $2,167 $2,491 $2,816
Moderate Rehabilitation $783 $1,045 $1,279 $1,621 $2,155      


Participants are selected from Miami-Dade Public Housing and Community Development's waiting list, typically paying approximately between 30% of income toward rent; the landlord receives the difference in the form of a housing assistance payment (HAP) from PHCD. Fair Market Rents (FMRs) determine the eligibility of rental housing units for the Section 8 Housing Choice Voucher Program and also serve as the payment standard used to calculate the subsidy.

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