HUD Sets Operating Cost Adjustment Factors for 2020
HUD recently published the Operating Cost Adjustment Factors (OCAFs) for fiscal year 2020. 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 Feb. 11, 2020. The OCAFs can be found here.
HUD also has released the FY2020 Multifamily Utility Allowance Factors, which may be used to adjust baseline utility allowances prepared in accordance with Housing Notice 2015-04.