Research conducted by Econometrica Inc. was released today in HUD’s interim report on the Rental Assistance Demonstration program. The report, as well as a summary, press release, and other resources have been made available on HUD’s website.
The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects – the report concludes that RAD appears to create a stronger long-term financial trajectory for converting properties and that the program is “on track to accomplish its primary goal of attracting substantial new capital and stabilizing the physical and financial condition of federally assisted housing properties.”
