Annual Adjustment Factor (AAF) rent increases are based on Annual Adjustment Factors published annually by HUD in the Federal Register. They are generally associated with New Construction and Property Disposition contracts. In addition to the Federal Register, guidance for AAF adjustments can be found in HUD Notice 2002-10.
Eligibility
Eligibility is determined by your current HAP contract. If the Rent Adjustment section of your current contract refers to 24 CFR Part 886 or 888 or to Automatic Annual Adjustments, you will use the AAF to adjust your rents. Please note that once a contract renews under MAHRA, the AAF method is no longer used.
Submission Requirements
- Unit Turnover Report
- Utility Allowance Analysis (if applicable)
- Rent Comparability Study (RCS) if the Gross Rents are greater than the local Fair Market Rents and the property is not a Property Disposition or LMSA.
Forms
See the Rent Adjustments Forms page for more links.