New FAQ, Training Available for PHAs on RAD, Section 18 and Streamlined Voluntary Conversion

HUD has posted new training videos on Asset Repositioning that outline the HUD tools available to Public Housing Agencies (PHAs) to transition their inventories to the Section 8 platform and illustrates through a fully developed case study how those tools can be used in combination. The trainings include:

• Asset Repositioning for Small PHAs and
• Asset Repositioning for Medium and Large PHAs.

HUD has posted updated Frequently Asked Questions related to the blending of RAD and Section 18, a creative approach for a PHA to secure more revenue to preserve and recapitalize public housing properties:

• RAD/Section 18 “75/25 Blend.” HUD updated the FAQ regarding the blend for RAD conversions undertaking new construction or substantial rehabilitation wherein 25 percent of units are approved under Section 18 so that the units can be preserved under the project-based voucher program and
• RAD/Section 18 “Closeout Blend.” HUD developed a separate FAQ on the RAD/Section 18 “Closeout Blend” wherein if a PHA has more than 50 units in its last remaining project, the PHA can simultaneously convert enough public housing units under RAD that would result in the PHA having 50 or fewer units and utilize the 50 or fewer option under Section 18 in conjunction with the RAD conversion, rather than as separate transactions.