HUD Establishes Operating Cost Adjustment Factors for 2017

HUD recently published a notice that establishes operating cost adjustment factors (OCAFs) for Section 8 project-based rental assistance contracts with an anniversary date on or after Feb. 11, 2017. OCAFs are annual factors used primarily to adjust the rents for contracts renewed under Section 515 or Section 524 of Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA).

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