Department of Housing and Urban Development December 10, 2019 – Federal Register Recent Federal Regulation Documents

Section 8 Housing Assistance Payments Program-Annual Adjustment Factors, Fiscal Year 2020
Document Number: 2019-26426
Type: Notice
Date: 2019-12-10
Agency: Department of Housing and Urban Development
The United States Housing Act of 1937 requires that certain assistance contracts signed by owners participating in the Department's Section 8 housing assistance payment programs provide annual adjustments to monthly rentals for units covered by the contracts. This notice announces FY 2020 AAFs for adjustment of contract rents on the anniversary of those assistance contracts. The factors are based on a formula using residential rent and utility cost changes from the most recent annual Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) survey. The FY 2020 AAFs are the first to use the revised BLS area definitions for local area CPI. A separate Federal Register notice, to be published following the finalization of the FY 2020 federal appropriations, will be used in the calculation of the calendar year (CY) 2020 Housing Choice Voucher (HCV) renewal funding for public housing agencies (PHAs)