At SHCC, we realize how important it is that properties' rents are sufficient to meet their operational needs, while still adhering to the applicable HUD guidelines. Our Financial Analysts will work with you throughout the rent adjustment process to ensure that you understand your options and the requirements associated with requesting an adjustment.
As of May 26, 2011, SHCC is participating in the Auto OCAF pilot. The Auto OCAF Rent Increase process eliminates the requirement for the Owner to calculate its own OCAF rent increase and submit an OCAF Worksheet and a cover letter to the contract administrator (CA) during Amend Rents years to obtain an OCAF rent increase.
There are several rent adjustment types in addition to the Auto OCAF. Which one you will use depends on the provisions in your HAP Contract. If your HAP Contract is expiring, you will first need to determine under which option you will renew. Visit the Contract Renewals page for details.
- Budget Based Adjustment
- Operating Cost Adjustment Factor (OCAF)
- Annual Adjustment Factor (AAF)
- Special Adjustments
- Utility Allowance Analysis
- Rent Adjustment Forms
- Frequently Asked Questions
There are a few cases in which you may be required to submit a Rent Comparability Study (RCS) during an Amend Rent Only year. See more information on Rent Comparability Studies.
Don't know which rent adjustment type to choose? Contact your SHCC Financial Analyst.