Rent Adjustments

• Annual Adjustment Factors



• Fair Market Rents



• Operating Cost of Adjustment Factors (OCAF)



• Notice Requirements for budget-based rent increases:

1. Begin the process by notifying the residents.
Tenants must be notified of proposed rent/utility allowance increase requests at least thirty days in advance of the date the request will be submitted to WAHC.
  Rent Increase Notification
2. Collect, evaluate and respond to all resident comments.
3. Complete the owner's certification.
Complete the owner's certification of compliance with 24 CFR 245. This must be dated at least 30 days after the notice was served.
   Owner Certification of Compliance
4. Complete all of the documentation required for the type of gross rent increase you are requesting.
6. Notify the residents of the approved increase(s) at least 30 days prior to the effective date.
   Approval Notice



• How to Request an Annual Adjustment Factor (AAF) Rent Adjustment



• HUD Notice H 2002-10



• Budget Worksheet



• Handbook 4350.1 REV-1
Chapter 7, Section 4 sets forth the requirements for a budget-based rent increase. The forms are included in the appendices of Chapter 7.


• Rent Comparability Studies
Section 9-14 and Appendix 9-10 of the Section 8 Renewal Policy Guide Book cover the topics or data that an appraiser must include in the RCS. Before submitting the RCS to WAHC, the owner must include the requirements set forth in Section 9-16.


• Section 8 Renewal Policy Guidebook



• Contacts for Public Housing Authorities



• How to Conduct a Utility Allowance Analysis