Rental Assistance Demonstration (RAD)
“Cromnibus” Funding Measure Approved by President, FY 15 HUD Budget Included
U.S. House of Representatives on Tuesday, December 9 introduced the so-called “Cromnibus” spending legislation, a $1 trillion bill that will fund most of the government through September 30, 2015. The measure combines a three-month continuing resolution (CR) for the Department of Homeland Security and 11 full spending bills for the remaining government agencies through the end of fiscal year (FY) 2015.
HUD Issues New Report Detailing RAD Program Progress
HUD has released an initial progress report on the Rental Assistance Demonstration (RAD). This report examines how RAD has transformed the public housing landscape and the new opportunities RAD has created for PHAs to improve the physical and financial condition of public housing as well as how RAD has helped PHAs preserve units over the long term and the program’s impact on residents.