HUD to Publish HCV RFIFs
Today, HUD has posted a pre-publication copy of a notice titled “Section 8 Housing Assistance Payments Program – Fiscal Year 2018 Inflation Factors for Public Housing Agency Renewal Funding.” This notice informs the public of the publication of Renewal Funding Inflation Factors (RFIFs), which are the inflation factors applied to the Housing Choice Voucher (HCV) Program renewal funding that adjusts the funding amount of individual PHAs to take into account changes in rents, utility costs, and tenant incomes.
The notice also notes that the methodology for the Fiscal Year (FY) 2018 factors is the same as the FY 2017 factors, but requests comments on whether this should be changed. In particular, the notice requests feedback on whether the current practice of incorporating local rent surveys used to change FMRs into the calculation of RFIFs should continue. Comments will be due 30 days after this notice has been published in the Federal Register.
The FY 2018 RFIFs, when posted on Wednesday (5/30/18), will be found here.
The pre-publication copy of the notice can be found here.