HUD has released a Frequently Asked Questions (FAQs) document on RAD Rent and Funding Levels for Applications Received by December 31, 2013, which incorporate and expand on elements contained in previous FAQs posted on 3/15/13 and 9/13/13. The FAQ provides guidance on how RAD rents are calculated, explains why HUD used FY 2012 funding levels in establishing RAD rents, explains how public housing funds can be effectively transferred to Section 8 accounts, describes the method for the transfer of funds from public housing account to TBRA or PBRA, and provides an estimate for the number of units HUD expects to convert over the next few years. The memo also states that an Operating Cost Adjustment Factor (OCAF) will be applied at the first annual anniversary date of the contract for any projected converted in calendar year (CY) 2013.$0
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