The Operating Cost Adjustment Factors (OCAF) for 2015 were published in the October 2, 2014 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, 2015 and can be found at http://www.gpo.gov/fdsys/pkg/FR-2014-10-02/pdf/2014-23475.pdf
Reminder for HUD and PBCA offices processing rent increases using Auto OCAF:
Once the 2015 Factors are updated in iREMS, please delete any Amend Rents record effective 02/11/2015 and beyond that was created either automatically or manually with the old 2014 Factor. A new record will automatically generate with the new 2015 Factor.