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HUD Corrects Floor for 2017 OCAFs

Friday, December 23, 2016 - 9:00AM

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in the Dec. 27 Federal Register correcting that the floor for 2017 operating cost adjustment factors (OCAFs) for project-based rental assistance contracts under Section 8 is 0 percent. An Oct. 5 notice incorrectly stated that the floor was 1 percent. None of the other factors changed and they remain effective for contracts with an anniversary date of Feb. 11, 2017 or later.

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