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HUD Sets Operating Cost Adjustment Factors for 2017

Tuesday, October 4, 2016 - 9:45AM

In tomorrow’s Federal Register the U.S. Department of Housing and Urban Development (HUD) will publish a notice establishing operating cost adjustment factors (OCAFs) for project-based rental assistance Section 8 contracts with an anniversary date of Feb. 11, 2017, or later. OCAFs are used primarily to adjust rents for contracts renewed under Sections 515 and 525 of the Multifamily Assisted Housing Reform and Affordability Act of 1997. The 2017 OCAFs range from no change (in Hawaii) to an increase of 2.4 percent (in North Dakota). The OCAFs for most states are between 1.5 and 2.2 percent.

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