Payment Standard Definitions for the Housing Choice Voucher Program
Fair Market Rent: (FMR) is the average gross rent, including the cost of utilities that would be required to be paid in the Public Housing Authority (PHA) jurisdiction to lease privately owned, existing, decent, safe and sanitary housing of modest (non-luxury) nature with suitable amenities. The U.S. Department of Housing and Urban Development establishes FMRs for housing units of varying sizes which are published annually in the Federal Register.
HUD: The U.S. Department of Housing and Urban Development (HUD) is the United States federal department that administers federal programs dealing with better housing and urban renewal. Our PHA, the Loudoun County Department of Housing and Community Development, is located in the Washington D.C. Metro HUD Area.
Payment Standard: The maximum monthly subsidy Loudoun County can provide toward the gross rent (rent PLUS utility allowance) for the unit size as determined by the PHA's administrative plan. Loudoun County has begun using Small Area Fair Market Rents (SAFMRs) to determine the Payment Standard for different zip codes within Loudoun County. SAFMRs are established by the U.S. Department of Housing and Urban Development each year. The Loudoun County Housing Choice Voucher (HCV) program has grouped the zip codes into four Payment Standard groups. For more information about how the calculation will affect your unit choices and rental portion, contact your Loudoun County HCV Housing Counselor.