Rental Assistance Demonstration (RAD)
Restore Rebuild
At NH&RA’s Fall Developers Forum in Boston a couple weeks ago, Bennett Applegate, Jr. of Applegate & Thorne-Thomsen and Jesse Elton of The Community Builders provided some clarity on the nuances of Faircloth to RAD and the opportunities the program has created.
Improvements to HUD’s RAD Program
The recent changes to the HUD Rental Assistance Demonstration (RAD) program offer several potential benefits and implications for non-PHA (private owner) developers who wish to leverage the program for affordable housing initiatives.
HUD Highlights Congressional Changes to RAD Statute, Implementation Guidance Forthcoming
HUD’s Office of Housing detailed the recent changes to the Rental Assistance Demonstration (RAD) statute included in the FY 2024 Appropriations bill.
RAD Collaborative Release Update/Special Edition Report
The RAD Collaborative recently released a special report that highlights some outcomes for properties and residents under the RAD program.
HUD Updates Workbook to Determine Eligibility for RAD/Section 18 Construction Blend, OZ Rent Boost
HUD updated a workbook that allows public housing authorities (PHAs) to assess the eligibility of a proposed rehabilitation of a property for a Rental Assistance Demonstration (RAD)/Section 18 construction blend or an opportunity zones (OZ) rent boost.
HUD Seeks Feedback on Potential Changes to How Section 811, 202 Properties Convert Under RAD
HUD is seeking feedback on potential changes to the current notice that guides how properties assisted under the Section 811 assisted housing program for persons with disabilities can be converted through the Rental Assistance Demonstration (RAD) program.
HUD Releases Guide on Increasing Supply of New Affordable Housing
A new guide from HUD, Increasing the Supply of New Affordable Housing: Quick Guide to Using HUD’s Community Planning and Development (CPD) Programs, details funding sources available for affordable housing and provides case studies.
RAD Achieves $15 Billion in Construction Investment Milestone
HUD’s Office of Multifamily Housing Programs announced that construction investment for affordable housing preservation through the Rental Assistance Demonstration (RAD) program has surpassed $15 billion since the program’s inception in 2013.
RAD End of Year Closing Deadlines RAD End of Year Closing Deadlines
HUD’s Office of Recapitalization recently released timelines for year-end closings of Rental Assistance Demonstration (RAD) transactions.
RAD Collaborative Hosts Section 18 Blends Webinar – March 3
On March 3 at 2 p.m. ET the RAD Collaborative will host a virtual roundtable with Tom Davis and other Recap Office staff, joined by public housing practitioners who have used RAD-Section 18 Blends options to meet a range of portfolio capital needs.
HUD Expands RAD Data Dashboard
HUD released an expanded Rental Assistance Demonstration data dashboard on the RAD Resource Desk.
RAD and Its Current and Projected Consumption of LIHTCs
In a new CityScape article, Alex Schwartz of the New School and Kirk McClure of the University of Kansas explore how the RAD program can “consume” LIHTCs.