Rental Assistance Demonstration (RAD)

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Registration is now open!

Continue reading for three updates from the RAD Team at HUD.

Given the historically large number of RAD closings ever November, HUD has suggested to owners closing in October to consider a December 1 HAP effective date rather than November 1.

PHAs which have previously submitted a Letter of Interest (LOI) are now eligible and have 60 days to submit a RAD application for the units specified in their LOIs.

The rehabilitation of Courtyard at Riverview is the result of a record-setting deal under HUD’s Rental Assistance Demonstration (RAD) program.

HUD asks that participants ask questions “live” during the webinar or send questions in advance.

HUD strongly encourages you to ask your questions “live” during the webinar OR to submit your questions in advance of the webinar

2016 has been the most productive year in the program’s short history.

The FY 2017 appropriations bill in the Senate includes measures to raise the RAD cap to 250,000 units, remove the 2018 sunset of the program, and extend RAD eligibility to Sec. 202. The House bill is without these measures.

The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.

HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.

In late March, HUD’s Office of Recapitalization hosted a listening session to receive feedback on how they can facilitate more efficient closings of RAD transactions. The session has resulted in changes regarding the HAP effective date and information regarding initial year funding.