HUD published its Annual Adjustment Factors (AAF) for FY 2012 for Section 8 rental assistance contracts on their contract anniversaries in the Federal Register.
The AAFs are based on a formula using residential rent and utility cost changes from the most recent annual Bureau of Labor Statistics Consumer Price Index (CPI) survey. These factors are applied at Housing Assistance Payment (HAP) contract anniversaries for those calendar\ months commencing after the effective date of this notice, which is April 13, 2012.
For FY 2011 and FY 2010, these AAFs were designated as Contract Rent” AAFs, to differentiate them from Renewal Funding” AAFs that were used exclusively for renewal funding of tenant-based rental assistance. Renewal Funding AAFs are being replaced by an inflation factor established by HUD, so there is no need to differentiate the AAF by use. A separate Federal Register Notice will be published that will identify the inflation factors that will be used to adjust tenant-based rental assistance funding for FY 2012.
A copy of the AAFs for FY 2012 may be found here: http://www.huduser.org/portal/datasets/aaf/FY2012_tables.pdf. Please note that the AAFs have not been posted to the HUD User website at the time this email was sent; however, we expect them to be posted soon.
A copy of the Federal Register Notice announcing the AAFs may be found here: http://www.gpo.gov/fdsys/pkg/FR-2012-04-13/pdf/2012-8971.pdf