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Administrative Plan 7/1/2025 Page 17-85 <br />17-VIII.C. REDETERMINATION OF RENT TO OWNER [24 CFR 983.302] <br />The PHA must redetermine the rent to owner: <br /> When there is a 10 percent or greater decrease in the published FMR; <br /> Upon the owner’s request consistent with requirements established in the PHA’s <br />administrative plan; or <br /> At the time of the automatic adjustment by an operating cost adjustment factor (OCAF) in <br />accordance with 24 CFR 983.302(b)(3). <br />Adjusted rent to owner amount applies for the period of 12 calendar months from the annual <br />anniversary of the HAP contract. <br />Rent Increase [24 CFR 983.302(b)] <br />During the term of the HAP contract, any increase in rent to owner is effective on the annual <br />anniversary of the HAP contract. A rent increase may occur either through automatic adjustment <br />by an OCAF or as the result of an owner request for a rent increase. The owner does not need to <br />request a rent adjust when a rent increase occurs through an OCAF since the PHA redetermines <br />the rent automatically under that option. <br />OCAF [24 CFR 983.302(b)(3)] <br />If the PHA and owner agree, the HAP contract may provide for rent adjustments using an OCAF <br />established by the HUD pursuant to Section 524(c) of the Multifamily Assisted Housing Reform <br />and Affordability Act of 1997 (MAHRA) at each annual anniversary of the HAP contract and <br />published annually in the Federal Register. Further, the HAP contract may require an additional <br />increase up to an amount determined by the PHA (pursuant to 24 CFR 983.301(b) and (c)) if <br />requested by the owner in writing, periodically during the term of the contract. The HAP contract <br />must require an additional increase up to an amount determined by the PHA at the point of <br />contract extension, pursuant to 24 CFR 983.301(b) and (c), if requested by the owner in writing. <br />SAHA Policy <br />SAHA will not allow for rent increases via OCAF. All rent increases must be requested <br />by the owner as outlined below. <br />EXHIBIT 1