Annual Adjustment Factors for 2008

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 the Bureau of
Labor Statistics Consumer Price Index and other survey
data. The AAFs for 2008 were published in the Federal
Register on January 22, 2008 and are available
electronically from HUD USER at
 www.huduser.gov/datasets/aaf.html.
 
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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