Contract Renewal Request Form

OCAF Rent Adjustment Worksheet
(Instructions)

Reserve for Replacement Request

HUD Form 92458 - Rent Schedule for Low Rent Housing

Owner's Certification Regarding Utility Changes

Rent Adjustment Information

Section 8 Renewal Policy Guidebook

Most Section 8 contracts between owners of multifamily housing and HUD were 20 year contracts initiated in the 1980’s. These contracts are now expiring, though many of them have mortgages which extend past the original HAP contract expiration date. As agent for the Department of Housing & Urban Development, THDA processes and executes Housing Assistance Payment contract renewals in order to preserve Affordable Housing in the State of Tennessee. These renewals may, or may not, include rental adjustments by the budget-based method or the Operating Cost Adjustment Factor (OCAF).

If a HAP contract has been renewed after 1997 (after MAHRA) and has chosen a multi-year contract, the owner / agent must annually request a funding reservation for the next 12 months of the multi-year contract. These requests for funding may, or may not, include rental adjustments.

For properties which have not yet undergone renewal of the original HAP contract, owner / agents may request rental adjustments and utility allowance adjustments on an annual basis. Eligibility for specific types of rental adjustments are determined by the Regulatory Agreement and include Annual Adjustment Factor (AAF) adjustments, budget-based adjustments and special rental increases.