HUD Issues Operating Cost Adjustment Factors for 2020

Thursday, November 21, 2019 - 9:15am

The U.S. Department of Housing and Urban Development will publish in Friday’s Federal Register a notice establishing operating cost adjustment factors (OCAFs) for project-based assistance Section 8 contracts with an anniversary date of Feb. 11, 2020, or later. OCAFs are used to adjust Section 8 rents renewed under Section 515 or Section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997. The 2020 OCAFs range from 1.8 percent in Missouri and Oklahoma to 3.4 percent in Hawaii and the Pacific Island territories. The OCAFs average 2.2 percent nationwide.