Rental Assistance Demonstration (RAD)
RAD OCAF Waiver Process for Potential Rent Increase Opens September 30
New RAD guidance allows existing project owners to request rent increases above the current limited Operating Cost Adjustment Factor (OCAF) adjustments at former-public housing properties to ensure financial viability. Office Hours for PHAs and their partners on the Alternative OCF will be held on September 25th at 2 P.M. EST. Join Exception to the Operating […]
Preservation Rent Increase for 202 Project Rental Assistance Contracts (PRACs)
HUD published Housing Notice 2025-04, introducing important updates to the Preservation Rent Increase for eligible Section 202 Project Rental Assistance Contract (PRAC) properties pursuing a Rental Assistance Demonstration (RAD) conversion. Key Updates in the Notice: Owners can submit requests for Preservation Rent Increases through the RAD Resource Desk. Office Hours for 202 PRAC Owners will […]
HUD Establishes 2025 Timelines for Year-End RAD Closings
HUD published a memo establishing deadlines for action items for CY 2025 year-end closings of Rental Assistance Demonstration (RAD) transactions, including conversions under the RAD for Public Housing and RAD for Project-Based Rental Assistance Contracts components.
HUD Publishes Supplemental Guidance on Revised RAD Notice
HUD published a supplemental notice for the Rental Assistance Demonstration (RAD) program.
Federal Aid Freeze Does Not Impact Rental Assistance
Earlier this week Office of Management and Budget (OMB) Acting Director Matthew Vaeth issued memorandum M-25-13, temporarily pausing all federal grants, loans and other financial assistance on January 28 at 5 p.m. ET.
HUD Notice Extends RAD Application Date, Establishes Alternative to OCAF Waiver for Adjustments
HUD’s Multifamily Housing Office of Recapitalization published a supplemental notice delivering changes and updates to the Rental Assistance Demonstration (RAD) program.
Restore Rebuild
At NH&RA’s Fall Developers Forum in Boston a couple weeks ago, Bennett Applegate, Jr. of Applegate & Thorne-Thomsen and Jesse Elton of The Community Builders provided some clarity on the nuances of Faircloth to RAD and the opportunities the program has created.
Improvements to HUD’s RAD Program
The recent changes to the HUD Rental Assistance Demonstration (RAD) program offer several potential benefits and implications for non-PHA (private owner) developers who wish to leverage the program for affordable housing initiatives.
HUD Highlights Congressional Changes to RAD Statute, Implementation Guidance Forthcoming
HUD’s Office of Housing detailed the recent changes to the Rental Assistance Demonstration (RAD) statute included in the FY 2024 Appropriations bill.
RAD Collaborative Release Update/Special Edition Report
The RAD Collaborative recently released a special report that highlights some outcomes for properties and residents under the RAD program.
HUD Updates Workbook to Determine Eligibility for RAD/Section 18 Construction Blend, OZ Rent Boost
HUD updated a workbook that allows public housing authorities (PHAs) to assess the eligibility of a proposed rehabilitation of a property for a Rental Assistance Demonstration (RAD)/Section 18 construction blend or an opportunity zones (OZ) rent boost.
HUD Seeks Feedback on Potential Changes to How Section 811, 202 Properties Convert Under RAD
HUD is seeking feedback on potential changes to the current notice that guides how properties assisted under the Section 811 assisted housing program for persons with disabilities can be converted through the Rental Assistance Demonstration (RAD) program.