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Sec 8 Rent Increase
Section 8 Contract Rents Adjusted by
Published AAF and Special Adjustment Factors Section
8 AAF Rent Increase (Projects with original contracts) - If your contract was
effective during the 1980s and early 1990s and have not expired, and your
contract rents are increased through the application of the Annual Adjustment
Factors (AAF), I can assist you in preparing a request for a rent
increase. Your
request must be submitted at least 60-days prior to the anniversary date of
the contract. If HUD or the Contract Administrator receives your
request for a rent increase after the contract anniversary date, your request
will be denied. CALCULATING SPECIAL RENT INCREASES FOR
AAF RENTS There
are certain types of special rent increases that are allowed by law for rents
calculated using the Annual Adjustment Factor (AAF) method. Types
of Special Rent Increases. HUD
may approve special rent adjustments to cover a substantial and general
increase in real property taxes, assessments, utility
rates and hazard insurance increases, where the increased cost is not
sufficiently covered by the annual AAF adjustment. There is no due date for
special rent adjustments. HUD
instructions for submission for special rent adjustments are no longer in the
public domain. When I retired from HUD as an Asset Manager, I retained those
instructions. If
you need my services for submission of an annual AAF Rent Adjustment and/or
for special rent adjustments for your property, please let me know. Alvin L. Sutherlin Housing Consultant Post Office Box 162 Mount Rainier, Maryland
20712-0162 Voice Number:
301-277-3465 Fax Number:
925-380-4578 Overnight Mail: 4104-29th
Street Mount Rainier, Maryland
20712-1820 http://hud-consultant.com/References.html Date Updated: 09/27/2023 03:40:50 AM |
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