O/A REQUEST FOR OCAF RENT INCREASE WITH UA

Please complete the below information in order to assist KHC with processing the year two rent and utility allowance adjustments and return all information to :

Name of Property: ______KY36:______

Information needed to process the OCAF calculation:

Annual Debt Service amount is $______andthe Non-Section 8 Rent Potential $______.

Information needed to process the UAF, Year 2, to be applied to the Utility Allowance:

Year 1: Baseline Year 2: Apply UAF to Current UA Year 3: Apply UAF to Current UA Year 4: Baseline

FY 2017 Utility Allowance Factors
Effective 2-11-17
Oil / Natural Gas / Electric / Water/Sewer/Trash
KENTUCKY / 0.659 / 1.030 / 0.992 / 1.041

NEW YEAR 2 CALCULATION

Current UA UAF Factor Above = New UA Amount 2017 NEW UA

(Rounding up after .50)

1BR Current UA: ______X______=______=______

2BR Current UA: ______X______=______=______

3BR Current UA: ______X______=______=______

4BR Current UA ______X______=______=______

Year 2 UAF Example:

  • Current UA of $105
  • Electricity Only Source

Step 2: 105 X .992 = 104.16 (Current UA X UAF Amount)

Step 3: New Amount is $104.16 (Round up after.50)= $104

NOTE: Refer back to the baseline information, Year 1, on the KHC OCAF letter, last page, Exhibit A, and only complete page two if there are any 15% phase in UA decreases from the previous year to be applied.

Are there any 15% UA phase in decreases? YES______NO______If yes, must complete next page

If no, new amounts are listed above

15% PHASE IN DECREASES APPLIED

1BR: Baseline, Year 1, UA Amount ______Baseline UA Usage Amount=______

Subtract UA Baseline Amount from UA Usage Amount (______- ______=_***______)

2BR: Baseline, Year 1, UA Amount ______Baseline UA Usage Amount=______

Subtract UA Baseline Amount from UA Usage Amount (______- ______=***______)

3BR: Baseline, Year 1, UA Amount ______Baseline UA Usage Amount=______)

Subtract UA Baseline Amount from UA Usage Amount (______- ______=***______)

4BR: Baseline, Year 1, UA Amount ______Baseline UA Usage Amount=______)

Subtract UA Baseline Amount from UA Usage Amount (______- ______=***______)

2017

NEW UA AMOUNT

1BR: NEW Year 2 UAF Amount ______minus ***shaded amountabove______=______1BR

2BR: NEW Year 2 UAF Amount ______minus ***shaded amount above ______=______2BR

3BR: NEW Year 2 UAF Amount ______minus ***shaded amount above ______=______3BR

4BR: NEW Year 2 UAF Amount ______minus ***shaded amount above ______=______4BR

Year 2 Example with 15% Phase-in Decrease:

UA BASELINE
YEAR 1 OF 3
$105.00 = Baseline amount
There was a 15% phase in decrease applied
Current=123, 15%=18, Usage=101, 123-101=22
Per HUD the most you can decrease an amount is 15% in one year; therefore, in year 1 we decreased theusage by 18 and then applied the remaining $4 decrease to year 2.

Step 1: Refer to the KHC OCAF Letter,Last Page, Make sure Baseline Year pulling amounts from

Step 2: Determine Baseline UA amount $105 minus the Baseline Usage amount $101

$105 - $101=$4.00,

Step 3:Subtract $4.00 from the Year 2, UAF Amount of $104-$4 = $100= NEW AMOUNT WITH PHASE IN DECREASE APPLIED

NOTE: Ensure the new amount does not exceed 15% and if it does you must apply the 15% and then anything over that would be carried over to the next Year 3.

Refer to the HUD Notice H-2015-04, pages 5 and 6 for further guidance.