RHIIP Listserv  #304 – 2014 Operating Cost Adjustment Factors (OCAFs) Published          

The following RHIIP Listserv was recently posted:

“The Operating Cost Adjustment Factors (OCAF) for 2014 were published in the September 16, 2013 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.

Reminder for HUD and PBCA offices processing rent increases using Auto OCAF:

Once the 2014 Factors are updated in iREMS, please delete any Amend Rents record effective 02/11/2014 and beyond that was created either automatically or manually with the old 2013 Factor.  A new record will automatically generate with the new 2014 Factor.”

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