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OGC-01-5 1 (2000-10-16)

handle is hein.gao/gaobacxjn0001 and id is 1 raw text is: 






United States General Accounting Office                      Office of the General Counsel
Washington, DC 20548

         B-286417




         October 16, 2000

         The Honorable Phil Gramm
         Chairman
         The Honorable Paul S. Sarbanes
         Ranking Minority Member
         Committee  on Banking, Housing, and Urban Affairs
         United States Senate

         The Honorable James A. Leach
         Chairman
         The Honorable John J. LaFalce
         Ranking Minority Member
         Committee  on Banking and Financial Services
         House  of Representatives

         Subject: Department of Housing and Urban Development: Fair Market Rents:
                 Increased Fair Market Rents and Higher Payment Standards for Certain
                 Areas

         Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on a
         major rule promulgated by the Department of Housing and Urban Development
         (HUD), entitled Fair Market Rents: Increased Fair Market Rents and Higher
         Payment  Standards for Certain Areas (RIN: 2501-AC75). We received the rule on
         October 2, 2000. It was published in the Federal Register as an interim rule on
         October 2, 2000. 65 Fed. Reg. 58870.

         The interim rule implements HUD's new fair market rent (FMR) policy. The new
         FMR  policy targets relief to areas where higher FMR's are needed to help families,
         assisted under HUD's Housing Choice Voucher Program as well as other HUD
         programs, find and lease decent and affordable housing.

         Enclosed is our assessment of HUD's compliance with the procedural steps required
         by section 801(a)(1)(B)(i) through (iv) of title 5 with respect to the rule. Our review
         indicates that HUD complied with the applicable requirements.

         If you have any questions about this report, please contact James W. Vickers,
         Assistant General Counsel, at (202) 512-8210. The official responsible for GAO


GAO/OGC-01-5

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