On June 3, HUD published the FY 25 Renewal Funding Inflation Factors (RFIF) for the Housing Choice Voucher program. While individual agency inflation factors vary, HUD indicates that the “expected” percent change in the national Per Unit Cost (PUC) is 4.71 percent. Individual inflation factors for every Fair Market Rent (FMR) area can be found on the HUD RFIF webpage.
HUD indicates it has refined its methodology by changing the gross rent component to empirically weight projected recent mover rents as measured by the FMR with a forecast of all mover rents as measured by the Consumer Price Index (CPI).
PHADA will provide additional analysis in an upcoming edition of the Advocate. Members are encouraged to share information about the adequacy and impact of their agency RFIF with: policy@phada.org.