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HUD recently published a notice in the Federal Register establishing operating cost adjustment factors (OCAFs) for eligible multifamily housing properties. OCAFs are used to adjust the rent to current market conditions on eligible multifamily housing projects with project-based contracts issued under Section 8 of the United States Housing Act of 1937 and renewed under the Multifamily Assisted Housing Reform and Affordability Action of 1997 (MAHRA).
