APARTMENT AVOCATE
New Data Sources
Typically , HUD utilizes the Census Bureau ’ s American Community Survey ( ACS ) to estimate the 40th percentile gross rents of households which recently moved into an area . This often provides an accurate picture of near-median rents for new leases . Last year , however , the Census Bureau announced that it would not release the estimates from the 2020 ACS because the COVID-19 pandemic had interfered with data collection .
Instead , HUD supplemented private market data to maintain the accuracy of the FMRs , sourcing data from
" In addition to higher rates , HUD will award approximately 19,700 new Housing Choice Vouchers to PHAs . This increase is made available by the Consolidated Appropriations Act of 2022 which was signed into law on March 15 , 2022 .
RealPage , Moody ’ s Analytics , CoStar Group , CoreLogic , Apartment List and Zillow , as examples . Industry groups , including NAA , raised concerns about the use of this data . Using private data precludes stakeholders from checking to see if the data are consistent across time and location , and if they are representative of the population in question rather than collected based on the company ’ s anticipated ability to sell them . HUD is expected to use solely once again the ACS data in following years .
New Vouchers
In addition to higher rates , HUD will award approximately 19,700 new Housing Choice Vouchers to PHAs . This increase is made available by the Consolidated Appropriations Act of 2022 which was signed into law on March 15 , 2022 . HUD has sent a notification to eligible PHAs
46 | TRENDS OCTOBER 2022 www . aamdhq . org