CARH’S BROADCAST E-MAIL – Regulatory Update
November 2, 2017
HUD Establishes Operating Cost Adjustment Factors for 2018
In today’s Federal Register, the Department of Housing & Urban Development published a Notice that establishes operating cost adjustment factors (OCAFs) for Section 8 project-based rental assistance contracts with an anniversary date on or after February 11, 2018. As you know, OCAFs are annual factors used primarily to adjust the rents for contracts renewed under section 515 or section 524 of Multifamily Assisted Housing Reform and Affordability Act of 1997.
The 2018 OCAFs range anywhere from .09 percent (Hawaii) to 2.9 percent (Alaska). For most states, the OCAFs are between 1.5 and 2.2 percent.
If you have any questions, please contact the CARH national office at email@example.com or 703-837-9001.
Don’t miss CARH’s 2018 Midyear Meeting
January 22-24, 2018, at the Westin Verasa Napa, California!