Annual Adjustments. (1) After initial rent setting made in the first year of the Contract, subsequent rents shall be adjusted annually based on [CHECK ONE BOX ONLY]: [ ] HUD’s Operating Cost Adjustment Factor (OCAF). [ ] Other operating cost index as has been adopted by the Grantee for purposes of subsidizing affordable housing, as approved by HUD and as further described in Exhibit 2. [ ] Other means as may be approved by HUD, and as further described in Exhibit 2.
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Samples: Cooperative Agreement, Cooperative Agreement, Cooperative Agreement
Annual Adjustments. (1) After initial rent setting made in the first year of the Contract, subsequent rents shall be adjusted annually based on [CHECK ONE BOX ONLY]: [ [✔] HUD’s Operating Cost Adjustment Factor (OCAF). [ ] Other operating cost index as has been adopted by the Grantee for purposes of subsidizing affordable housing, as approved by HUD and as further described in Exhibit 2. [ ] Other means as may be approved by HUD, and as further described in Exhibit 2.
Appears in 1 contract
Samples: Cooperative Agreement
Annual Adjustments. (1) After initial rent setting made in the first year of the Contract, subsequent rents shall be adjusted annually based on [CHECK ONE BOX ONLY]: [ ] HUD’s Operating Cost Adjustment Factor (OCAF). [ ] Other other operating cost index as has been adopted by the Grantee for purposes of subsidizing affordable housing, as approved by HUD and as further described in Exhibit 2. [ ] Other other means as may be approved by HUD, and as further described in Exhibit 2.
Appears in 1 contract
Samples: www.nhhfa.org
