HUD’s Office of Multifamily Housing Programs announced that construction investment for affordable housing preservation through the Rental Assistance Demonstration (RAD) program has surpassed $15 billion since the program’s inception in 2013. This financing has facilitated the RAD construction, rehabilitation and preservation of more than 185,000 deeply affordable rental homes for low-income families, seniors and persons with disabilities.
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Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1
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