2009 Rent Adjustment Factors

From: HUD USER News
 
Annual rent adjustments are required for housing units
receiving assistance under Section 8 of the U.S. Housing
Act of 1937. To help meet this requirement, HUD has
developed rent adjustment factors, known as the Annual
Adjustment Factors (AAFs). AAFs are calculated based on
changes in residential rent and utility costs for
specified geographic areas, according to Bureau of Labor
Statistics Consumer Price Index survey data. The AAFs for
2009 were published in the Federal Register on January
12, 2009 and are available electronically from HUD USER
at www.huduser.gov/datasets/aaf.html.
 
Separate rent adjustment procedures are used for each of
three program categories:
 
o Section 8 New Construction, Substantial
  Rehabilitation, and Moderate Rehabilitation programs;
 
o Loan Management and Property Disposition programs; and
 
o Section 8 Certificate Project-Based Certificate
  program.
 
The adjustments are shown in two schedules: one for
adjusting the rent of units where the highest-cost
utility is included in the contract rent, and the other
for units where the tenant pays for the highest-cost
utility. Separate AAF schedules are also shown for
specified geographic areas.
 
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