What are Small Area Fair Market Rents (SAFMRs)?
In October of 2023 HUD mandated certain public housing authorities (PHAs), including Kentucky Housing Corporation (KHC) begin using Small Area Fair Market Rents (SAFMRs) in certain counties that are near metropolitan areas.
Small Area Fair Market Rents (SAFMRs) are an important tool PHAs can use to increase choice for voucher holders and efficiency in the administration of the Housing Choice Voucher (HCV) program.
In 2016, HUD published the Small Area Fair Market Rents (SAFMR) Final Rule allowing for the determination of HCV payment standards using Fair Market Rents (FMRs) calculated at the ZIP code level, rather than a metropolitan area-wide FMR. SAFMRs allow for payment standards to be established that more accurately reflect the local market. This can be helpful in providing voucher holders greater access to low-poverty and/or high-opportunity neighborhoods.
Rent Affordability Calculator
KHC has developed an online tool to help you in the first steps of determining income and unit eligibility for the unit have chosen. Please use the link and instructions below to help you on your journey to finding a rental unit for use with the HCV program.
Access KHC's Affordability Calculator
Finding the right home with your voucher requires careful planning and persistence. Your efforts can lead to a comfortable home that meets your needs and budget.
Here are some key steps to follow:
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Choose Your Location
- Consider schools, transportation, community resources, and personal needs.
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Search for Housing
- Check with the local housing Agency for landlord lists
- Use websites like AffordableHousing.com, Realtor.com , Apartments.com, or Facebook Marketplace.
- Ask friends for recommendations.
- Ask your PHA about the wide range of neighborhoods you can move to with your voucher, including opportunity areas.
- Consider visiting units in person before deciding.
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Be Prepared
- If a landlord is not familiar with the voucher program, refer them to www.hud.gov/hcv for more information on the program benefits.
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Know Your Rights
- Learn about local laws protecting voucher holders. Some communities prohibit landlords from discriminating against renters that use voucher assistance.
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Avoid
- Units much higher than the payment standard (your payment standard amount is located on the “Voucher Summary" document.
- Units owned by family members.
- Units unlikely to pass inspection.
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Budget for Application Fees and Security Deposit
- Some landlords may require you to pay application fees, and/or security deposits.
Remember, the search process may take time, but don't get discouraged. Stay organized, be proactive, and
communicate regularly with KHC. With patience and diligence, you can find a suitable home that accepts your Housing Choice Voucher.