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HUD to Publish Notice Establishing AAFs for Fiscal Year 2024

Friday, March 29, 2024 - 9:38AM

The U.S. Department of Housing and Urban Development (HUD) will publish in Monday’s Federal Register a notice setting annual adjustments factors (AAFs) for fiscal year 2024. AAFs are used to adjust rents for housing assistance payments (HAP) contracts. Additionally, AAFs impact the amount an owner is required to deposit for the Reserve for Replacement account. Two subsections of Section 8 programs use AAFs: new construction, substantial rehabilitation and moderate rehabilitation programs; as well as loan management set-aside (LMSA) and property disposition (PD) programs.

Learn more about affordable housing regulations by attending the Novogradac 2024 Affordable Housing Conference, May 2-3 in San Francisco.

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