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RHIIP Listserv Posting #433 -- Operating Cost Adjustment Factors (OCAFs) for Fiscal Year (FY) 2020 have been Published

The Operating Cost Adjustment Factors (OCAFs) for fiscal year (FY) 2020 were published on November 22, 2019 in the Federal Register. 

Operating Cost Adjustment Factors (OCAFs) for Fiscal Year (FY) 2020 have been Published
 
The Operating Cost Adjustment Factors (OCAFs) for fiscal year (FY) 2020 were published on November 22, 2019 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, 2020. 
 
The FY 2020 Multifamily Utility Allowance Factors, which may be used to adjust baseline utility allowances prepared in accordance with Housing Notice 2015-04, are also now available on HUDUser.
 
Note to Performance Based Contract Administrators (PBCAs) and HUD staff processing rent adjustments using Auto OCAF:  On November 27, the 2020 Factors will be updated in iREMS.  Please delete any Amend Rents records effective 02/11/2020 and beyond that were created either automatically or manually with the old 2019 Factors.  A new record will automatically generate with the new 2020 Factor. Neither PBCAs nor submitting owners should be penalized by HUD for delays related to the late release of 2020 factors.

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