2017 Operating Cost Adjustment Factors (OCAFs) Published
The Operating Cost Adjustment Factors (OCAF) for 2017 were published today in the Federal Register.
These factors are used for adjusting or establishing Section 8 rents under the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA), as amended, for projects assisted with Section 8 Housing Assistance Payments. The factors are effective February 11, 2017 and can be found at: https://www.gpo.gov/fdsys/pkg/FR-2016-10-05/pdf/2016-24070.pdf.
To view complete RHIIP Notice, click here.
***Reminder for HUD and PBCA offices processing rent increases using Auto OCAF from HUD Multifamily Southeast Regional Center: Once the 2017 Factors are updated in iREMS, please delete any Amend Rents record effective 02/11/2017 and beyond that was created either automatically or manually with the old 2016 Factor. A new record will automatically generate with the new 2017 Factor.