Fair Market Rents Revised Up 16 Percent in Burlington Metro Area

Effective May 3rd, Fair Market Rent standards in Chittenden, Franklin, and Grand Isle have been revised. Below is a statement from the Vermont Housing Finance Agency:

Thanks to a local survey commissioned by Vermont State Housing Authority, the Fair Market Rent standards used for HUD’s Section 8 Housing Choice Vouchers in Chittenden, Franklin and Grand Isle counties will be revised upward effective today. The levels established in December 2015 by HUD were 16 percent lower than the new levels. The survey of rents in the Burlington metro area was funded by VHFA and other partner agencies. Read more.

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