HUD to Publish 2022 OCAFs in Federal Register; National Rate 3.1%

Friday, October 1, 2021 - 9:00am

The U.S. Department of Housing and Urban Development (HUD) will publish in Monday’s Federal Register a notice establishing the operating cost adjustment factors (OCAFs) for 2022 for Section 8 project-based assistance contracts renewed under Section 515 or Section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997. The OCAFs are applicable to eligible projects having an anniversary date of Feb. 11, 2022, or later. The national OCAF rate is 3.1% and the state percentages range from 1.8% in Hawaii to 3.5% in California.

The Novogradac Introduction to HUD Multifamily Rental Housing Programs booklet serves as an updated introduction to the HUD multifamily rental programs most used by affordable housing developers, including Section 8.