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Fair Market Rents

Fair Market Rents

Is rent rising unpredictably fast in your community?

Econometrica specializes in conducting surveys to help communities get accurate HUD Fair Market Rents (FMRs) so that families using House Choice Vouchers can find affordable housing in areas of greater opportunity.

In fact, last year, Econometrica completed 50% of all successful FMR reevaluations in the entire country!

To learn more or to find out if your housing authority might be a good candidate for an FMR survey, visit https://econometricainc.com/fair-market-rents/

Press Contact
Kurt von Tish

HUD Publishes Guidance Materials About Radon

HUD Publishes Guidance Materials About Radon

The U.S. Department of Housing and Urban Development (HUD) recently published fresh guidance related to radon in housing on the HUD Exchange site.

Econometrica is working with HUD to develop the guidance to raise awareness about the dangers of radon and strategies to reduce exposure. Radon is an odorless, colorless gas that is a risk factor for lung cancer when it accumulates inside a home. With testing and mitigation, exposure to radon can be reduced to safe levels.

Materials produced so far include a webinar series and infographics. They can be found at https://www.hudexchange.info/programs/radon.

Econometrica continues to work with HUD on additional materials on this topic.

Press Contact

Kurt von Tish

New HUD Reports Explore Recent AHS Data

New HUD Reports Explore Recent AHS Data

BETHESDA, MD – The U.S. Department of Housing and Urban Development (HUD) released two new reports about the examining data provided by the American Housing Survey (AHS). The reports, prepared by Econometrica and SP Group, take a deep dive into several aspects of the AHS in recent years.

The AHS, sponsored by HUD and conducted by the U.S. Census Bureau, provides information on both the current state of housing inventory and the characteristics of its occupants. Econometrica has provided analytic support on the AHS under several contracts with HUD for nearly two decades.

The first report, The Usefulness of the GUTREHB Variable, evaluates the variable GUTREHB, which was added to the AHS in 2015, and identifies its utility and reliability. This variable sought to identify owner-occupied units that had undergone gut rehabilitation within the previous 10 years.

The authors identified three categories into which problems with the variable fall:

  1. Serious inconsistencies in responses undermine user confidence in the response to GUTREHB for a given unit in any specific survey.

  2. The analysis shows that units with positive responses to GUTREHB have higher renovation costs than those with negative responses to GUTREHB, but the observed costs still appear less than expected.

  3. The AHS collects data on several other variables associated with renovation, but the report found that the relationship between GUTREHB and these other variables is weaker than anticipated.

The second report, Characteristics of HUD-Assisted Renters and Their Units in 2019, uses data from a supplemental survey included in the 2019 AHS and administrative data matching to describe key features of both the rental housing assistance that HUD provided and the households that HUD served. The report analyzes how HUD-assisted rental stock has changed over previous three decades and examines the location of HUD-assisted housing, the quality of the units, and tenant satisfaction.

The report showed that HUD-assisted stock is in fairly good condition, with only 2.4 percent of units severely inadequate in 2017, about the same as unassisted units occupied by very low-income renters.

About Econometrica

Econometrica is a research and management organization committed to providing high-quality, cost-effective economic and analytical services for clients in the private and public sectors. Located in Bethesda, Maryland, Econometrica in particular specializes in housing, community development, and economic analysis.

 

Press Contact

Kurt von Tish

HUD Releases Updated FMRs; Econometrica Conducted Surveys for Multiple PHAs

HUD Releases Updated FMRs; Econometrica Conducted Surveys for Multiple PHAs

BETHESDA, MD – The U.S. Department of Housing and Urban Development (HUD) released updated Fair Market Rents (FMRS) for fiscal year 2022 for 12 areas based on new survey data.

The updates, released in the Federal Register on March 10, 2022, come after public housing authorities (PHAs) conducted new surveys. According to HUD, the new FMRs reflect the estimated 40th percentile rent levels.

The Econometrica Team, consisting of Econometrica and M. Davis & Company, conducted surveys and data analysis for 6 of the 12 PHAs with updated FMRs. The team utilized its years of housing and community development experience to provide collection and analysis of data to appeal HUD’s previously proposed FMRs.

FMR values can be found on the HUD USER website.

Source: Fair Market Rents for the Housing Choice Voucher Program, Moderate Rehabilitation Single Room Occupancy Program, and Other Programs Fiscal Year 2022; Revised, 87 Fed. Reg. 13744 (March 10, 2022).

About Econometrica

Econometrica is a research and management organization committed to providing high-quality, cost-effective economic and analytical services for clients in the private and public sectors. Located in Bethesda, Maryland, Econometrica in particular specializes in housing, community development, and economic analysis. It has performed FMR survey and related work for more than 15 years and has worked with PHAs for approximately 20 years.

Press Contact

Kurt von Tish

Government Launches Site to Order Free COVID Tests; Insurers Required to Cover At-Home Tests

Government Launches Site to Order Free COVID Tests; Insurers Required to Cover At-Home Tests

BETHESDA, MD – A new website from the Federal Government allows Americans to order free COVID-19 tests.

COVIDTests.gov opened January 18 in what White House Press Secretary Jen Psaki called a “beta phase,” with the formal launch set for January 19. The site will allow every household to order up to four free at-home COVID-19 tests.

“We can’t guarantee there won’t be a bug or two, but the best tech teams across the administration and the Postal Service are working hard to make this a success,” Psaki said.

The tests are part of the Biden administration’s purchase of 500 million tests last month to help tackle a record surge in infections. The site’s launch comes on the heals of changes to incentivize insurers and group health plans to allow people to easily obtain at-home tests.

Beginning January 15, insurance companies and group health plans are required to cover the cost of over-the-counter, at-home COVID-19 tests. The new coverage requirement means most consumers with private health coverage can but a test online or at pharmacy or store and either get it paid for upfront by their health plan or get reimbursed for the cost by submitting a claim to their plan.

This new requirement allows individuals to purchase up to eight tests per month.

“Under President Biden’s leadership, we are requiring insurers and group health plans to make tests free for millions of Americans. This is all part of our overall strategy to ramp-up access to easy-to-use, at-home tests at no cost,” U.S. Department of Health & Human Services Secretary Xavier Becerra said. “Since we took office, we have more than tripled the number of sites where people can get COVID-19 tests for free, and we’re also purchasing half a billion at-home, rapid tests to send for free to Americans who need them. By requiring private health plans to cover people’s at-home tests, we are further expanding Americans’ ability to get tests for free when they need them.”

PCR tests and rapid tests ordered or administered by a health provider will continue to be fully covered by insurance with no limit. Tests purchased through COVIDTests.gov will begin shipping toward the end of January.

About Econometrica

Founded in 1998, Econometrica is a research and management organization in Bethesda, MD, established to provide public- and private-sector clients with customized program support services. Econometrica works with multiple agencies to provide high-quality, cost-effective analyses, modeling, and economic evaluations. The company consistently receives exceptional scores from its clients and believes in three principles: technical capabilities, happy customers, and business development.

The tests are part of the Biden administration’s purchase of 500 million tests last month to help tackle a record surge in infections.

Press Contact

Kurt von Tish

CMS Releases Job Aids for PAC Providers

CMS Releases Job Aids for PAC Providers

The Centers for Medicare & Medicaid Services (CMS) released new job aids for post-acute care (PAC) providers to aid in the assessment and coding of GG0130. Self-Care Items. T

Econometrica developed these aids under contract with CMS to “provide clinically relevant information to assist providers in understanding specific guidelines and clinical considerations that should be applied to coding GG0130. Self-Care items,” according to a CMS release.

“These job aids are a product of our collaboration with PAC providers to ensure they have resources that are useful and readily available while assessing patients,” said Kristie McNealy, Director of Health for Econometrica.

The training materials apply to four PAC settings: Home Health Agencies, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, and Skilled Nursing Facilities.