Rental Assistance Demonstration (RAD)
HUD Releases Guide on Increasing Supply of New Affordable Housing
A new guide from HUD, Increasing the Supply of New Affordable Housing: Quick Guide to Using HUD’s Community Planning and Development (CPD) Programs, details funding sources available for affordable housing and provides case studies.
RAD Achieves $15 Billion in Construction Investment Milestone
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.
RAD End of Year Closing Deadlines RAD End of Year Closing Deadlines
HUD’s Office of Recapitalization recently released timelines for year-end closings of Rental Assistance Demonstration (RAD) transactions.
RAD Collaborative Hosts Section 18 Blends Webinar – March 3
On March 3 at 2 p.m. ET the RAD Collaborative will host a virtual roundtable with Tom Davis and other Recap Office staff, joined by public housing practitioners who have used RAD-Section 18 Blends options to meet a range of portfolio capital needs.
HUD Expands RAD Data Dashboard
HUD released an expanded Rental Assistance Demonstration data dashboard on the RAD Resource Desk.
RAD and Its Current and Projected Consumption of LIHTCs
In a new CityScape article, Alex Schwartz of the New School and Kirk McClure of the University of Kansas explore how the RAD program can “consume” LIHTCs.
New Section Three Rule in RAD Public Housing Conversions Webinar – April 20
HUD will host a webinar at 3:30 pm ET on April 20 to provide an overview of the new Section 3 rule and its implementation in Rental Assistance Demonstration (RAD) conversions. In the fall, HUD updated the Section Three rule in order to focus on economic opportunity outcomes while simultaneously reducing regulatory burden, improving Section Three’s effectiveness, streamlining some processes that have not yielded significant benefits and encouraging HUD grantees to focus on sustained employment for low- and very low-income individuals.
RAD & Section 18 Blend Webinar to be Held Feb. 17
HUD and Enterprise Community Partners will host a webinar from 1-3 p.m. ET on February 17 on the Rental Assistance Demonstration (RAD) and Section 18 new blend options described in PIH Notice 2021-07. Register here.
Section 18 Update Offers New Section 18/RAD Blends & Other Flexibilities
On January 19, HUD published Notice PIH 2021-07 superseding and replacing its 2018 Section 18 notice regarding the demolition and/or disposition of public housing property, eligibility for tenant protection vouchers (TPV) and associated requirements.
$10 Billion Invested in RAD-Converted Public Housing
In just seven years since the first public housing property converted under the Rental Assistance Demonstration (RAD), Public Housing Agencies (PHAs) and their partners have cleared another major milestone—surpassing more than $10 billion for the improvement and replacement of converting public housing properties.
MassHousing and the Boston Housing Authority Announce Financing for the Third Phase of the Redevelopment of the Anne M. Lynch Homes at Old Colony in South Boston
MassHousing closed on a total of $78.8 million in financing to Beacon Communities LLC, to complete the third phase of the redevelopment of obsolete public housing at the Anne M. Lynch Homes at Old Colony in South Boston.
HUD Published COVID-19, RAD and CARES Guidance
HUD published Notice Housing H-2020-09/PIH-2020-26 on providing supplemental COVID-19 guidance for PHAs and owners converting properties through RAD. The Notice describes the availability of Operating Fund Coronavirus Aid, Relief and Economic Security (CARES) Act funds for public housing properties that have converted or that will convert in calendar year 2020 and that are still supported through public housing appropriations.