2017 Operating Cost Adjustment Factors (OCAFs) Published
- By: admin
- On: 10/11/2016 15:40:39
- In: RHIIP Notices
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.