Housing Vouchers are provided to people with barriers to acquiring housing whether those be economic, health, or history related.
Did you know the average cost to replace a tenant is $2,500? Tenants with subsidies and vouchers are in need of a home, not just a place to live, and by renting to the right tenant with a voucher, unit turnover can be reduced. Those high annual savings fill the gap between subsidy assistance and what a market rate tenant would pay.
Typically tenants with subsidies and vouchers also have HOUSING NAVIGATION and CASE MANAGEMENT support.
We are here to help.
The Amount a Tenant can pay while using a voucher is determined by the Department of Housing and Urban Development’s Fair Market Rents.
Fair Market Rents
Fair Market Rents (FMRs) are gross rent estimates set by the US Department of Housing and Urban Development (HUD) to assure that a sufficient supply of rental housing is available to program participants. To accomplish this objective, FMRs must be both high enough to permit a selection of units and low enough to serve as many low-income families as possible. FMRs are primarily used to determine payment standard amounts for the:
By law the final FMRs for use in any fiscal year must be published and available for use at the start of that fiscal year, on October 1. HUD uses the most current Office of Management and Budget (OMB) definitions of metropolitan areas to define FMR areas. The level at which FMRs are set is expressed as a percentile point within the rent distribution of standard-quality rental housing units.
The FY 2015 FMRs are based on five-year data collected by the American Community Survey (ACS) from 2008 to 2012. These data are updated by one-year ACS data for areas where statistically valid data is available. The Consumer Price Index (CPI) rent and utility indexes were used to update the data from 2012 to the end of 2013.
|Final FY2015 Colorado FMR Metropolitan Area Summary|
|Metropolitan Area Name||Studio||One-Bedroom||Two-Bedroom||Three-Bedroom||Four-Bedroom|
|Boulder, CO MSA||$857||$996||$1,232||$1,815||$2,157|
|Colorado Springs, CO HUD Metro FMR Area||$531||$659||$856||$1,261||$1,516|
|Teller County, CO HUD Metro FMR Area||$558||$719||$899||$1,298||$1,302|
|Denver-Aurora-Broomfield, CO MSA||$723||$893||$1,156||$1,696||$1,967|
|Fort Collins-Loveland, CO MSA||$600||$742||$893||$1,316||$1,582|
|Grand Junction, CO MSA||$491||$585||$779||$1,148||$1,319|
|Greeley, CO MSA||$523||$611||$786||$1,153||$1,392|
|Pueblo, CO MSA||$462||$560||$733||$1,049||$1,132|
The current FMRs as well as more information on the calculation methodology is located at:
When a person with a voucher has been selected to be a tenant the property must undergo an inspection.
Housing Quality Standards (HQS)
The purpose of HQS inspections is to ensure that housing is decent, safe and sanitary. The inspector (often the caseworker) conducts the unit inspection. An initial inspection for each unit will occur as part of the tenancy approval process and the unit must pass the HQS inspection before the execution of the assisted lease, housing assistance payments contract and the initiation of payments. Each item on the inspection checklist must receive a rating of pass, fail, or inconclusive. HQS consists of the following thirteen (13) performance requirements:
The inspection checklist can be found at: