Rental Assistance Demonstration (RAD)
Michaels Organization Begins Rehab Under RAD of 470 Units in Philadelphia
The rehabilitation of Courtyard at Riverview is the result of a record-setting deal under HUD’s Rental Assistance Demonstration (RAD) program.
HUD Hosts 3rd Q&A Webinar on RAD Fair Housing, Civil Rights, and Relocation Notice
HUD asks that participants ask questions “live” during the webinar or send questions in advance.
RAD Fair Housing, Civil Rights, Relocation Notice Live Q&A Webinar 12/15
HUD strongly encourages you to ask your questions “live” during the webinar OR to submit your questions in advance of the webinar
HUD Releases FY 2016 RAD Data: 201 Properties Completed
2016 has been the most productive year in the program’s short history.
RAD Collaborative Announces Sign-On Letter for RAD in FY 2017 Budget
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.
HUD: Recent RAD Evaluation Report Shows Program is Working Well
The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.
HUD: Due Dates for Closing Transactions Involving PHAs
HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.
HUD Announces New Details Regarding RAD Closing Process; Schedules Webinar
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.
HUD Seeks Strategies to Keep RAD Transactions On Time
Preparing for an unprecedented number of RAD transactions this year, HUD is already seeing requests for extensions to Financing Plan submission deadlines. HUD will host a listening session to discuss incentives or remedies short of revoking CHAPs to keep PHAs on schedule and to mitigate the surge of volume at year-end.
NH&RA Attends HUD RAD Listening Session on Fair Housing
On Tuesday, January 5, HUD hosted a listening session focused on fair housing standards related to HUD’s Rental Assistance Demonstration program. Before attending the session, NH&RA Executive Director worked with our RAD User Group to compile feedback for HUD officials. During the session, developers, public housing authorities, and fair housing advocates provided comments to senior and program leadership from HUD offices involved in public housing, multifamily housing and fair housing.
HUD to Host RAD Workshop in Louisiana December 10
The 2015 Rental Assistance Demonstration (RAD) Workshop – Shreveport, LA is relevant to PHAs and other RAD stakeholders in HUD’s Region 4 and 6.
Updated RAD Quick Reference Guide Includes FSS Guidance
HUD updated the Rental Assistance Demonstration program Project-Based Rental Assistance Quick Reference Guide. The updated guide provides information on continuing Family Self Sufficiency (FSS) programs at PBRA properties.