# Section 8 Housing Assistance Payments ProgramContract Rent Annual Adjustment Factors, Fiscal Year 1999
> **US Department of Housing and Urban Development** · Notice of Revised Contract Rent Annual Adjustment Factors. · Published 1998-09-24 · Effective 1998-10-01 · 63 FR 51224
## Document
- **Document number:** 98-25568
- **Category:** hud-housing-vouchers
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 63 FR 51224
- **CFR reference:** 24 CFR 888
- **Publication date:** 1998-09-24
- **Effective date:** 1998-10-01
- **Docket:** Docket No. FR-4379-N-01
## Abstract

The United States Housing Act of 1937 requires that assistance contracts signed by owners participating in the Department's Section 8 housing assistance payments programs provide for annual adjustment in the monthly rentals for units covered by the contract. This notice announces revised Annual Adjustment Factors (AAFs) for adjustment of contract rents on assistance contract anniversaries from October 1, 1998. The factors are based on a formula using data on residential rent and utilities cost changes from the most current Bureau of Labor Statistics Consumer Price Index (CPI) survey and from HUD Random Digit Dialing (RDD) rent change surveys.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/09/24/98-25568/section-8-housing-assistance-payments-programcontract-rent-annual-adjustment-factors-fiscal-year)
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