Ocaf Worksheet Instructions (Page 4 of 4) in pdf

Ocaf Worksheet Instructions Page 4

Step Three

Calculate the OCAF Adjusted Rent Potential for Expiring Section 8 Contract(s).

Enter the unit type(s) and contract/stage number (as in A). (If using the electronic spreadsheet,

these will be entered automatically.)

Enter the number of units (as in B). (If using the electronic spreadsheet, these will be entered

automatically.)

Enter the current Section 8 monthly contract rents (as in C). (If using the electronic spreadsheet,

these will be entered automatically.)

Multiply the Increase Factor (R) by the monthly contract rent (U) to obtain the OCAF adjusted

rent. (If using the electronic spreadsheet, these calculations will be made automatically.)

Multiply the OCAF adjusted monthly rent (V) by 12 to obtain the annual adjusted rent for each

unit type. (If using the electronic spreadsheet, these calculations will be made automatically.)

Multiply the annual OCAF adjusted rent (W) by the number of units (T) to obtain the adjusted

annual rent potential for each unit type in each contract/stage. (If using the electronic spreadsheet,

these calculations will be made automatically.)

Add the total of the adjusted annual rent potential for each unit type in each contract/stage to

calculate the total annual adjusted rent potential for the expiring contract(s). (If using the

electronic spreadsheet, this calculation will be made automatically.)

OCAF Worksheet Instructions

REV 4-6-09

Ocaf Worksheet Instructions Page 4