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OLAF Worksheet Instructions These instructions are for use by Owners of projects that require an Operating Cost Adjustment Factor (OLAF) calculation (rent adjustments, lesser of test, etc.). Each
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OCAP HUD form is used to collect data on the operation of affordable housing projects.
Owners or managers of affordable housing projects are required to file OCAF HUD form.
OCAF HUD form can be filled out online through the HUD's secure portal or by submitting a hard copy.
The purpose of OCAF HUD form is to ensure compliance with the guidelines set by HUD for affordable housing projects.
Information such as project expenses, rental income, tenant demographics, and compliance with HUD regulations must be reported on OCAF HUD form.
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