HUD Seeks Comment on Proposed Collection of Information Concerning AAF Requirement
The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Wednesday’s Federal Register seeking comment on its proposed collection of information for HUD’s annual adjustment factor (AAF) rent increase requirement. HUD is seeking approval from the Office of Management and Budget to collect the information from owners of project-based Section 8 contracts that use the AAF as the method of rent adjustment. Comments can include whether the proposed collection of information is necessary, how to enhance the quality, utility and clarity of the information and other issues. Comments are due March 7.
Affordable housing regulations and legislation will be discussed at the virtual Novogradac 2022 Affordable Housing Developers Conference, Jan. 13-14.