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

Section 8 Contract Renewal Policy – Guidance for the Renewal of Project-Based Section 8 Contracts

2022 HUD-9625.xlsx

Section 8 Contract Renewal Policy – Guidance for the Renewal of Project-Based Section 8 Contracts

OMB: 2502-0587

Document [xlsx]
Download: xlsx | pdf

Overview

Step1
Step 2 & 3
Certification


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



















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!





























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:


































































































































































































































































































































































































































































































































































































































































































































































































































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