HUD Issues FY 2009 Operating Cost Adjustment Factors

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The U.S. Department of Housing and Urban Development (HUD) on 11/10/08 in the Federal Register published new operating cost adjustment factors for Fiscal Year 2009. These are to be used to adjust Section 8 project rents renewed under Section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997. The new OCAFs are effective 2/11/09.

(http://edocket.access.gpo.gov/2008/pdf/E8-26655.pdf)