The 3-Bedroom FMR for Hart County, KY is computed as a function of the ratio of the 2000 3-Bedroom Census Rent to the 2000 2-Bedroom Census Rent. This 3-Bedroom Rent Ratio is applied to the Final FY 2008 2-Bedroom FMR to determine the Final FY 2008 3-Bedroom FMR.
For Final FY 2008 2-Bedroom FMRs, the bedroom ratio calculations have not been updated from those used in the Final FY 2007 FMR process. In general, the rents used to calculate the 3-Bedroom ratio is computed from a 2000 Census 3-Bedroom Base Rent that was updated to 2005 using the 3-bedroom 2000-to-2005 update factor derived from the Revised Final FY 2005 3-Bedroom FMR for the old FMR area that contained Hart County, KY.
The table below provides the relevant summary figures for computing the Final FY 2008 3-Bedroom FMR
| Summary Computation of 3-Bedroom FMR for Hart County, KY | ||
|---|---|---|
| 3-Bedroom Rent Ratio | Final FY 2008 2-Bedroom FMR | Final FY 2008 3-Bedroom FMR |
| 1.276 | $490 | $490 x 1.276 = $625 |
For details behind the calculation of the 3-Bedroom rent ratio of 1.276 please click the bedroom-ratio value to be taken to the Final FY 2007 FMR Documentation system.
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Problems or questions? Contact Peter.B.Kahn@hud.gov.