The fiscal year 2015 Annual Adjustment Factors (AFFs) for the Section 8 Housing Assistance Payments (HAP) Program is now available. This document also contains a link to dataset tables displaying the AAFs for FY 2015.
The AAFs are based on a formula using residential rent and utility cost changes from the most recent annual Bureau of Labor Statistics Consumer Price Index (CPI) survey. A separate Federal Register Notice will be published at a later date that will identify the inflation factors that will be used to adjust tenant-based rental assistance funding for FY 2015.
To view the AAFs for FY 2015, please click here
HUD recently issued the following notice on required actions for multifamily housing projects receiving failing scores from HUD's Real Estate Assessment Center (REAC).
HUD is required to take certain procedural steps when multifamily housing projects score 59 or less on the REAC physical inspection. This Notice provides guidance to ensure compliance with these procedural steps.
To view this notice, please click here