Rental Assistance Demonstration (RAD)

This webinar will introduce owners, Continuums of Care, and Public Housing Agencies who are interested in converting their Moderate Rehabilitation (Mod Rehab) and Moderate Rehabilitation Single Room Occupancy (SRO) contracts under the RAD to the basic eligibility requirements, application process, and benefits of RAD conversion.

There is still time to press the case for extending RAD’s authority in the final form of the FY 2018 appropriations act.

HUD has published PBV contract documents incorporating the changes made by the RAD rider directly into the standard PBV HAP contract.

HUD will host a live Q&A webinar on Thursday, November 9 from 2:30-3:30 p.m. EST to provide a brief overview and discussion of the Completion Certification and the RAD Minority Concentration Analysis Tool.

In an op-ed in The Hill, Mark Dellontem, president and CEO of Love Funding, highlights the success of the federal Rental Assistance Demonstration (RAD) program in utilizing targeted taxpayer dollars to stimulate private capital for renovations and produce wide-ranging benefits. The RAD program, which is a federal program that converts public housing authorities’ (PHAs) existing […]

HUD has issued a notice that permits Public Housing Authorities (PHAs) that are in Presidentially declared disaster areas to request an extension to the due date for making submissions if they meet either of the following qualifications: a) have submitted Letters of Interest (LOI) to reserve their position on the Rental Assistance Demonstration (RAD) waiting […]

For mixed-finance projects, it can be difficult to refinance a property prior to the expiration of the tax credit compliance period. With this in mind, HUD’s Office of Recapitalization has adopted alternative underwriting criteria for these properties.

The loans provided funding for these and other public housing properties as part of a larger portfolio Rental Assistance Demonstration program (RAD) transaction.

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.