The Department of Housing and Urban Development said that fair market rents for fiscal year 2024 will rise about 12 % nationwide and that the department has increased funding for housing choice vouchers.
Joe Raedle / Getty Images fileWASHINGTON — The Department of Housing and Urban Development is providing more aid for 2024 housing voucher programs as it deals with rising rents.
HUD also will release $113 million next week in housing choice voucher funds for public housing agencies in 36 states, which aims to help about 9,500 additional households, the department said. The new aid will give tenants"more choice of where they can live, the neighborhoods that they can live in," Monocchio said.
Housing choice is restricted when rents rise, so"keeping up with those rent increases in terms of the parameters for the program" is important, Greene said.by the financial technology company SmartAsset, though the average varies widely depending on the state and the city. New York's statewide increase was about 8.8%, while a dozen cities
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