Wednesday, November 29, 2023

26 Year History of HUD OCAF's by State, Territory, and the US.

Following HUD's publication of the FY 2024 OCAF, I have created a 6 page PDF file HERE with the 26 year OCAF history for every state, territory, and the US from FY 1999-FY 2024. 

The PDF file also includes columns showing for each state, territory, and the US: 

  • Their average OCAF over the 26 year period, and for the last 3 years.
  • Their FY with the highest OCAF.
  • Their rank of the FY 2024 OCAF change among the 26 years.

HUD does not publish this data and I haven't found it elsewhere. 

I also pasted below the Oregon OCAF's from FY 1999 to FY 2024. 

Note that the Oregon FY 2024 OCAF is lower than FY 2023 but still above the average for the last 26 years, and the 4th highest in this 26 year period. 

As I noted previously increases in OCAF do NOT increase tenant rents, but do increase subsidy needs. 

Also OCAF increases exclude debt service so a 4.9% OCAF increase does NOT apply to the full contract or Fair Market Rent, but only to the operating expenses for that project.  

Courtesy, Oregon Housing Blog

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