Housing Choice Voucher Program: Payment Standard Definitions
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. HUD establishes FMRs for housing units of varying sizes which are published annually in the Federal Register.
HUD: The United States federal department (Housing and Urban Development) that administers federal programs dealing with better housing and urban renewal. Our PHA, Loudoun County Department of Family Services (DFS), is located in the Washington D.C. Metro HUD Area.
Payment Standard: The maximum monthly subsidy DFS can provide toward the gross rent (rent PLUS utility allowance) for the unit size as determined by the PHA's administrative plan. Loudoun County DFS has begun using Small Area Fair Market Rents (SAFMRs) to determine the Payment Standard for different zip codes within Loudoun County. SAFMR's are established by the US Department of Housing and Urban Development (HUD) each year. Loudoun County DFS Housing Choice Voucher program has grouped the zip codes into four Payment Standard groups (link below). For more information about how the calculation will affect your unit choices and rental portion, contact your Loudoun County HCV Housing Counselor.