Form Hud-92273-B Field Office Worksheet For Processing Rent Increases For Aaf Rents For New Construction And Substantial Rehabilitation Unit Types Which Exceed The Existing Housing Fair Market Rents

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U.S. Department of Housing
PART I
and Urban Development
ADJUSTMENTS WORKSHEET
Office of Housing
Federal Housing Commissioner
FIELD OFFICE WORKSHEET FOR
PROCESSING RENT INCREASES FOR AAF RENTS FOR NEW CONSTRUCTION
AND SUBSTANTIAL REHABILITATION UNIT TYPES WHICH EXCEED THE
EXISTING HOUSING FAIR MARKET RENTS
(NOT FOR USE ON BUDGET BASED RENT INCREASES)
Property Name: _____________________________ Unit Type: ____________
ESSENTIAL INFORMATION
Existing FMR Level
Current Gross
for Unit Type $_________
Rent for Unit Type $__________
AAF from
Estimated Market Rent
Table I _________
from HUD-92273-S8 $_________
(Line 46)
Initial Difference Submitted by Owner (if any) $__________
STEP 1:
Is this contract a New Construction or Sub Rehab contract?; AND
Is the current rent for this unit type (before application of the AAF) above the Existing Housing
FMR?
If the answer to BOTH questions is YES, then proceed to Step 2.
If the answer to EITHER question is NO, this worksheet does not apply. This unit type should be
adjusted under Part II of this Notice. Please find Part II Adjustments Worksheet at Appendix 2.
STEP 2:
Apply the appropriate AAF in Table I to the current contract rent. (NOTE: Throughout this
Worksheet, when applying the published AAF, the factor of 1.000 should be used in all cases where
the published factor is below 1.000.)
____________________
___________________
_______________
Current
x
Factor Used
=
Rent Level
Rent for Unit Type
Produced by the
AAF
HUD Field Only Use
Page 1 of 3
form HUD-92273-B (11/2001)

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