Rental Assistance Demonstration (RAD)
RAD Program Converts 100k Public Housing Units
NH&RA congratulates the US Department of Housing & Urban Development and on achieving an important milestone — the conversion and preservation of 100,000 public housing units through the Rental Assistance Demonstration (RAD) Program! HUD Secretary Ben Carson, Assistant Secretary for Housing Brian Montgomery, and Multifamily Office of Recapitalization Director Tom Davis were joined by the Housing Authority of the City of Austin and additional officials in Austin, Texas, to celebrate this momentous occasion.
HUD Updates RAD Resource Desk
On Monday, September 10, HUD launched a variety of enhancements to the RAD Resource Desk to allow users to more easily manage their RAD transactions.
HUD Publishes RAD Changes Including from 2018 Appropriations Act
HUD recently published two Rental Assistance Demonstration (RAD) federal notices that codify FY 2018 Appropriations Act provisions (including authority for a substantial increase of public housing units) as well as revised HUD policies encompassing five innovations to improve RAD.
RAD Training Recordings Available
350 attendees packed HUD’s auditorium to learn about topics including resident rights and protections, the importance of strategic planning, and innovative uses of RAD to achieve local objectives.
HUD Hosting RAD for PRACs Listening Session June 7
HUD is interested in hearing from industry participants and stakeholders, including Section 202 project owners, about how you’ve been thinking and planning for conversions, and what issues HUD should consider when developing conversion program requirements for Section 202 PRACs.
HUD Issues Memo Regarding RAD Delayed Submissions of Draft Closing Packages
Now, if a closing package is not received within two months of the date of HUD executing the RCC, the transaction will be placed in “Delayed Submission” status.
HUD Training for RAD Conversions
The Office of Multifamily Housing’s Recapitalization division invites you to join us for a RAD conference on May 17-18. While the conference is open to all, the content will be particularly geared towards preparing PHAs who are new participants in RAD to execute on well-planned and efficient conversions that best address local needs and priorities. […]
RAD: HUD Provides New Resources on Conversion of Moderate Rehab Contracts
Several new resources on the Rental Assistance Demonstration (RAD) for Moderate Rehabilitation (Mod Rehab) owners are posted to the HUD Exchange.
GAO Finding: HUD Should Improve RAD Program Metrics
GAO makes five recommendations in the report, all of which HUD agreed with. The recommendations all relate to either improving leveraging metrics, monitoring enforcement of resident safeguards, and RAD compliance monitoring.
HUD’s Office of Recapitalization Opens “Office Hours” for RAD Questions
Owners will be able to sign up for individual 30-minute sessions with HUD staff during designated times each week on Tuesdays and Thursdays from 2:00 – 4:00 PM EST.
RAD Hits $5 Billion in Construction Activity in 2017
The January 2018 edition of RADTalk, HUD’s RAD Newsletter, is celebrating $5 billion of construction activity for 2017. Furthermore, the recent issues also takes a deep dive into RAD Mod Rehab transactions.
RAD Training on HEROS Submissions
As previously announced, beginning February 1, 2018, Public Housing Agencies (PHAs) and their development partners will be able to enter Part 50 Environmental Reviews directly into HUD’s on-line environmental system, known as HEROS. HUD will be hosting a HEROS training on February 1, 2018, from 1:00 to 3:00 pm EST to help PHAs and their […]