HUD Releases 2020 Operating Cost Adjustment Factors

HUD released the 2020 operating cost adjustment factors (OCAFs) for project-based rental assistance with an anniversary date on or after February 11, 2020. The nationwide OCAF increased by 2.2 percent, ranging from 1.8 percent in Oklahoma to 3.4 percent in Hawaii and the Pacific Islands.  OCAFs are annual factors used to adjust Section 8 rents renewed under section 515 or section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997.