The U.S. Department of Housing and Urban Development has released the operating cost adjustment factors (OCAF) for 2010. OCAFs are used to calculate or adjust renewed rents for projects insured by FHA under Section 221(d)(3) and Section 236. Rents are adjusted by applying the OCAF to that portion of the rent attributable to operating expenses exclusive of debt service. HUD’s notice includes OCAFs for each state. The national average is 4.7%. Read More…