Rental Assistance Demonstration (RAD)

HUD

HUD Adopts Alternative RAD Underwriting Criteria for Mixed Finance Projects

For mixed-finance projects, it can be difficult to refinance a property prior to the expiration of the tax credit compliance period. With this in mind, HUD’s Office of Recapitalization has adopted alternative underwriting criteria for these properties.

Member News

Bellwether Enterprise Closes $42 Million in Refinancing for Three Affordable Housing Properties in Charlotte, North Carolina

The loans provided funding for these and other public housing properties as part of a larger portfolio Rental Assistance Demonstration program (RAD) transaction.

HUD

RAD Collaborative Practice Day Announced Oct. 18 in Washington, DC

Registration is now open!

HUD

RAD Updates: CNA eTool, Post-Conversion Construction, and Relocation Reviews

Continue reading for three updates from the RAD Team at HUD.

HUD

HUD Reiterates HAP Effective Date Flexibility as Busy 4th Quarter Begins

Given the historically large number of RAD closings ever November, HUD has suggested to owners closing in October to consider a December 1 HAP effective date rather than November 1.

HUD

New RAD Notice: Increase in Cap and Rent Setting; PHAs Have 60 Days to Act

PHAs which have previously submitted a Letter of Interest (LOI) are now eligible and have 60 days to submit a RAD application for the units specified in their LOIs.

Member News

Michaels Organization Begins Rehab Under RAD of 470 Units in Philadelphia

The rehabilitation of Courtyard at Riverview is the result of a record-setting deal under HUD’s Rental Assistance Demonstration (RAD) program.

HUD

HUD Hosts 3rd Q&A Webinar on RAD Fair Housing, Civil Rights, and Relocation Notice

HUD asks that participants ask questions “live” during the webinar or send questions in advance.

HUD

RAD Fair Housing, Civil Rights, Relocation Notice Live Q&A Webinar 12/15

HUD strongly encourages you to ask your questions “live” during the webinar OR to submit your questions in advance of the webinar

HUD

HUD Releases FY 2016 RAD Data: 201 Properties Completed

2016 has been the most productive year in the program’s short history.

HUD

RAD Collaborative Announces Sign-On Letter for RAD in FY 2017 Budget

The FY 2017 appropriations bill in the Senate includes measures to raise the RAD cap to 250,000 units, remove the 2018 sunset of the program, and extend RAD eligibility to Sec. 202. The House bill is without these measures.

HUD

HUD: Recent RAD Evaluation Report Shows Program is Working Well

The independent assessment examines data up through October 2015. During that time, $2.5B was secured by 185 projects.

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