Rental Assistance Demonstration (RAD)
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.
RAD Collaborative Practice Day Announced Oct. 18 in Washington, DC
Registration is now open!
RAD Updates: CNA eTool, Post-Conversion Construction, and Relocation Reviews
Continue reading for three updates from the RAD Team at 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.
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.
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 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.
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 Releases FY 2016 RAD Data: 201 Properties Completed
2016 has been the most productive year in the program’s short history.
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: 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.
HUD: Due Dates for Closing Transactions Involving PHAs
HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.