Tax Credit Advisor Article Archives

Case Study: Rehabbing Hope

On the morning of Friday, November 15, 2013, a 150-person combined force of the Detroit Police Department and SWAT team, Michigan State Police, the state department of corrections, the FBI and ATF executed a raid on the Colony and Fisher Arms Apartments at 9303 East Jefferson Avenue, on Detroit’s east side.

Read More

RAD Green Incentive

We all know the PHA program faces approximately $27 billion shortfall for capital improvements. HUD’s Rental Assistance Demonstration (RAD) program was designed in large part to finance these capital improvements.

Read More

The Guru Is In: RAD and the preference cascade

The voluntary public housing revolution has yet to cost HUD a dollar: in fact, the Rental Assistance Demonstration (RAD) has leveraged $8.90 for every dollar of public housing funds deployed, generating $3.9 billion of construction investment on the 59,000 apartments that have closed, with another 126,000 on deck, which together are liberating 185,000 apartments from the 1.3 million home public housing inventory and awakening the hitherto squelched or sublimated entre- preneurial capacity of public housing authorities, many of whom may never have known they had it in them.

Read More