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pdfAttachment 3B
OCAF Rent Adjustment
Worksheet
U.S. Department of Housing
and Urban Development
Office of Housing
OMB NO. 2502-0533 (exp. 09/30/2009)
Multifamily Section 8 Contracts
Public reporting burden for this collection of information is estimated to average 45 minutes per response, including the time for reviewing instructions, searching
existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This information is required to obtain
benefits. HUD may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.
Title V of the Departments of Veterans Affairs and Housing and Urban Development and Independent Agencies Appropriations Act of 1988 (P.L. 106-65, 111 Stat.
1384) authorizes the FHA Multifamily Housing Mortgage and Housing Assistance Restructuring Program. HUD implemented a statutory permanent program directed at
FHA-insured multifamily projects that have project-based Section 8 contracts with above-market rents. The information collection is used to determine criteria eligibility
of FHA-insured multifamily properties for participation in the Mark to Market program and the terms on which participation should occur. The purpose of the program
is to preserve low-income rental housing affordability while reducing the long-term costs of Federal rental assistance. While no assurances of confidentiality are pledged to
respondents, HUD generally discloses this data only in response to a Freedom of Information request.
Project Name:
Project Address:
Project Owner:
FHA Project No.:
Total Units in Project:
Total Section 8 Units in Project:
Date of Submission:
Date Received By HUD:
STEP 1:
Calculate the current Section 8 Rent Potential for EXPIRING contracts
(A)
UNIT TYPE AND CONTRACT
AND/OR STAGE
(B)
# OF
UNITS
(C)
CURRENT SECTION 8
CONTRACT
RENTS
(D)
CURRENT SECTION 8 RENT
POTENTIAL
(B x C)
0
0
0
0
0
0
0
0
(E) Monthly Expiring Section 8 Contract Rent Potential
(total of column D):
(F) Annual Section 8 Rent Potential for Expiring Contracts
(E x 12):
OCAF Worksheet
1
0
0
form HUD-9625 (07/2003)
Attachment 3B
STEP 2:
Calculate Increase Factor Adjusted by OCAF for Expiring Contracts
Total Annual Rent Potential for
Non-Expiring Section 8 Contracts
Total Annual Rent Potential
for Non-Sec. 8 Units
Total Annual Project Rent Potential
(F + G + H)
Expiring Section 8 Portion Of
Total Project Rent Potential (F ÷ I)
Total Annual Project Debt Service
(G)
(H)
(I)
(J)
(K)
(L)
(M)
(N)
(O)
(P)
(Q)
0
Annual Expiring Section 8 Share of Debt Service
(J x K)
Annual Expiring Section 8 Potential Less Expiring Sec. 8 Share
of Debt Service (F-L)
Annual Expiring Section 8
Rent Potential Attributed to Operations
Multiplied by Published OCAF (M x OCAF)
Adjusted Contract Rent Potential
(L + N)
Lesser of (O) and Comparable Rent Potential from Rent
Comparability Study
Increase Factor
(P ÷ F)
0
0
0
0
S TEP 3:
Calculate OCAF Adjusted Contract Rent Potential for Expiring Section 8 Contracts ONLY.
(R)
Unit Type and
Contract and/or
Stage
(S)
#
Units
(T)
Current
Contract
Rents
(U)
OCAF Adjusted
RENT (Q x T)
(V)
Annual Adjusted
Rent (U x 12)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(X) Annual Adjusted Rent Potential of the Expiring Contract(s)
(total Column W):
OCAF Worksheet
2
(W)
Adjusted Annual Rent
Potential
(S x V)
0
0
form HUD-9625 (07/2003)
Attachment 3B
I certify that this information is true and complete.
Project Name: _____________________________________________________________________
Owner’s Name: _____________________________________________________________________
Owner’s signature: ____________________________________________ Date: ________________
Warning: If you knowingly make a false statement on this form, you may be subject to civil penalties under
Section 1001 of Title 18 of the United States Code. In addition, any person who knowingly and
materially violates any required disclosure of information, including intentional non-disclosure, is
subject to civil money penalty not to exceed $10,000 for each violation.
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OCAF Worksheet
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3
form HUD-9625 (07/2003)
| File Type | application/pdf |
| File Title | Microsoft Word - 9625.doc |
| Author | H01634 |
| File Modified | 2006-09-21 |
| File Created | 2003-07-22 |