HUD-9625 (2023) OCAF Rent Adjustment Worksheet (5.1.23)

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Overview

Step1
Step 2 & 3
Certification

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Sheet 1: Step1

				OMB Control Number 2502–0587 form HUD–9625 (exp. XX/XX/XXXX)
OCAF Rent Adjustment Worksheet Multifamily Section 8 Contracts
This form is used in the adjustment of Section 8 Housing Assistance Payments contract rents as authorized by the Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA), 42 U.S.C. § 1437f note. The public reporting burden for completing this form is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, and gathering and maintaining the data needed. The information collected is required to obtain benefits. HUD may disclose certain information to Federal, State, or local agencies when relevant to civil, criminal, or regulatory investigations and prosecutions. Information collected will not otherwise be disclosed or released outside of HUD, except as required and permitted by law. HUD may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.
Project Name:
Project Address:
Project Owner
FHA Project No.			Unique Entity Identifier (UEI)
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)	(B)	(C)	(D)
	Unit Type and Contract and/or Stage	# of Units	Current Section 8 Contract Rents	Current Section 8 Rent Potential (B x C)
				0.00
				0.00
				0.00
				0.00
				0.00
				0.00
				0.00
	(E) Monthly Expiring Section 8 Contract Rent Potential
			(Total of column D)	0.00
	(F) Annual Section 8 Rent Potential for Expiring Contracts
			(E x 12)	0.00

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Sheet 2: Step 2 & 3

Step 2:
Calculate Increase Factor Adjusted by OCAF for Expiring contracts
						0
	(G)	Total Annual Rent Potential For
		Non-Expiring Section 8 Contracts
	(H)	Total Annual Rent Potential
		For Non-Sec. 8 Units
	(I)	Total Annual Project Rent Potential
		(F + G + H)				0.00
	(J)	Expiring Section 8 Portion of
		Total Project Rent Potential (F ÷ I)				#DIV/0!
	(K)	Total Annual Project Debt Service
	(L)	Annual Expiring Section 8 Share of Debt Service
		(J x K)				#DIV/0!
	(M)	Annual Expiring Section 8 Potential Less Expiring Sec. 8
		Share of Debt Service (F - L)				#DIV/0!
	(N)	OCAF Adjustment
	(O)	Annual Expiring Section 8
		Rent Potential Attributed to Operations
		Multiplied by Published OCAF (M x N)				#DIV/0!
	(P)	Adjusted Contract Rent Potential (L + O)				#DIV/0!
	(Q)	Lesser of (P) or Comparable Rent Potential From Rent
		Comparability Study
	(R)	Increase Factor (Q ÷ F)				#DIV/0!
				#DIV/0!	#DIV/0!	#DIV/0!
			#DIV/0!	#DIV/0!	#DIV/0!	#DIV/0!
Step 3:
Calculate OCAF Adjusted contract Rent Potential for Expiring Section 8 contracts ONLY
	(S)	(T)	(U)	(V)	(W)	(X)
	Unit Type and Contract and/or Stage	# Units	Current Contract Rents	OCAF Adjusted Rent (R x U)	Annual Adjusted Rent (V x 12)	Adjusted Annual Rent Potential (T x W)
	0	0	0	#DIV/0!	#DIV/0!	#DIV/0!
	0	0	0	#DIV/0!	#DIV/0!	#DIV/0!
	0	0	0	#DIV/0!	#DIV/0!	#DIV/0!
	0	0	0	#DIV/0!	#DIV/0!	#DIV/0!
	0	0	0	#DIV/0!	#DIV/0!	#DIV/0!
	0	0	0	#DIV/0!	#DIV/0!	#DIV/0!
	0	0	0	#DIV/0!	#DIV/0!	#DIV/0!
	(Y) Annual Adjusted Rent Potential of the Expiring Contracts(s)
				(total Column X):		#DIV/0!

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Sheet 3: Certification

I certify that the information provided on this form and in any accompanying documentation is true and accurate. I acknowledge that making, presenting, or submitting a false, fictitious, or fraudulent statement, representation, or certification may result in criminal, civil, and/or administrative sanctions, including fines, penalties, and imprisonment. WARNING: Any person who knowlingly submits a false claim or makes a false statement is subject to criminal and/or civil penalties, including confinement for up to 5 years, fines, and civil and administrative penalties. (18 U.S.C. §§ 287, 1001, 1010, 1012; 31 U.S.C. §§ 3729, 3802)
Project name:
Owner's name (print or type):
Owner's signature:						Date: