982.519—Regular tenancy: Annual adjustment of rent to owner.
(a) When rent is adjusted.
At each annual anniversary date of the HAP contract, the PHA must adjust the rent to owner at the request of the owner in accordance with this section.
(i)
The pre-adjustment rent to owner multiplied by the applicable Section 8 annual adjustment factor, published by HUD in the Federal Register, that is in effect 60 days before the HAP contract anniversary;
(ii)
The reasonable rent (as most recently determined or redetermined by the PHA in accordance with § 982.503 ); or
(2)
In making the annual adjustment, the pre-adjustment rent to owner does not include any previously approved special adjustments.
(4)
Notwithstanding paragraph (b)(1) of this section, the rent to owner for a unit must not be increased at the annual anniversary date unless:
(ii)
During the year before the annual anniversary date, the owner has complied with all requirements of the HAP contract, including compliance with the HQS.
(5)
The rent to owner will only be increased for housing assistance payments covering months commencing on the later of:
(6)
To receive an increase resulting from the annual adjustment for an annual anniversary date, the owner must request the increase at least sixty days before the next annual anniversary date.