Form HUD-9625 OCAF Rent Adjustment Worksheet

Attachment 3B

U.S. Department of Housing
and Urban Development
Office of Housing

OCAF Rent Adjustment
Worksheet

OMB NO. 2502-0533 (exp. 11/30/2012)

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)
0.00
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

OCAF Worksheet

1

form HUD-9625 (10/2007)

Attachment 3B

Step 2:

Calculate Increase Factor Adjusted by OCAF for Expiring contracts
(G)

0

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)

(H)
(I)
(J)
(K)

0.00
#DIV/0!

Total Annual Project Debt Service
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)

(L)
(M)
(N)

#DIV/0!
#DIV/0!

OCAF Adjustment
Annual Expiring Section 8
Rent Potential Attributed to Operations
Multiplied by Published OCAF (M x N)

(O)
(P)

#DIV/0!

Adjusted Contract Rent Potential (L + O)

#DIV/0!

Lesser of (P) or Comparable Rent Potential From Rent
Comparability Study

(Q)
(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)
Unit Type and
Contract
and/or Stage
0
0
0
0
0
0
0

(T)

(U)

(V)

(W)

# Units

Current Contract
Rents

OCAF Adjusted
Rent (R x U)

Annual
Adjusted Rent
(V x 12)

(X)
Adjusted
Annual Rent
Potential
(T x W)

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!

0
0
0
0
0
0
0

0
0
0
0
0
0
0

(Y) Annual Adjusted Rent Potential of the Expiring Contracts(s)
(total Column X):

OCAF Worksheet

2

#DIV/0!

form HUD-9625 (10/2007)

Attachment 3B

I (We) hereby certify that the statements and representations contained in or accompanying this instrument
are true, accurate and complete to the best of my (our) knowledge and belief.
Project Name:
Owner's Name:
Owner's signature:

Date:

WARNING:
Any person who knowingly presents a false, fictitious, or fraudulent statement or claim in a
matter within the jurisdiction of the U.S. Department of Housing and Urban Development is subject to criminal
penalties, civil liability, and administrative sanctions, including but not limited to: (i) fines and imprisonment under
18 U.S.C. §§ 287, 1001, 1010 and 1012; (ii) civil penalties and damages under 31 U.S.C. § 3729; and (iii)
administrative sanctions, claims, and penalties under 24 C.F.R parts 24, 28 and 30.

OCAF Worksheet

3

form HUD-9625 (10/2007)