RHIIP Listserv Posting #395 -- 2018 Operating Cost Adjustment Factors (OCAFS) and Utility Allowance Factors Now Available
- By: admin
- On: 11/03/2017 11:32:13
- In: RHIIP Notices
The Operating Cost Adjustment Factors (OCAF) for 2018 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, 2018 and can be found at https://www.gpo.gov/fdsys/pkg/
Utility Allowance Factors for 2018, which may be used to adjust baseline utility allowances prepared in accordance with Housing Notice 2015-04, are also now available on HUDUser at https://www.huduser.gov/
Note to PBCAs and HUD staff processing rents adjustments using Auto OCAF: As of today, the 2018 Factors are updated in iREMS. Please delete any Amend Rents records effective 02/11/2018 and beyond that were created either automatically or manually with the old 2017 Factors. A new record will automatically generate with the new 2018 Factor. Neither PBCAs, nor submitting owners, should be penalized by HUD for delays related to the late release of 2018 factors.