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The national average increase of the new OCAFs is 5.3 percent.
HUD recently announced the 2024 Operating Cost Adjustment Factors (OCAFs). These figures are used to adjust Section 8 rents under the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA). These annual factors reflect the fluctuating costs of running a Multifamily Housing site, applied to rents on their anniversary dates. The recently published OCAFs provided are applicable to eligible projects having a contract anniversary date on or after Feb. 11, 2024.
