Rental Assistance Demonstration (RAD)

HUD recently released a memo regarding the due dates for mixed-finance transactions intended to close by December 31, 2016.

In late March, HUD’s Office of Recapitalization hosted a listening session to receive feedback on how they can facilitate more efficient closings of RAD transactions. The session has resulted in changes regarding the HAP effective date and information regarding initial year funding.

Preparing for an unprecedented number of RAD transactions this year, HUD is already seeing requests for extensions to Financing Plan submission deadlines. HUD will host a listening session to discuss incentives or remedies short of revoking CHAPs to keep PHAs on schedule and to mitigate the surge of volume at year-end.

On Tuesday, January 5, HUD hosted a listening session focused on fair housing standards related to HUD’s Rental Assistance Demonstration program. Before attending the session, NH&RA Executive Director worked with our RAD User Group to compile feedback for HUD officials. During the session, developers, public housing authorities, and fair housing advocates provided comments to senior and program leadership from HUD offices involved in public housing, multifamily housing and fair housing.

The 2015 Rental Assistance Demonstration (RAD) Workshop – Shreveport, LA is relevant to PHAs and other RAD stakeholders in HUD’s Region 4 and 6.

HUD updated the Rental Assistance Demonstration program Project-Based Rental Assistance Quick Reference Guide. The updated guide provides information on continuing Family Self Sufficiency (FSS) programs at PBRA properties.

HUD released two new files to assist public housing authorities to calculate and access the public housing subsidy that will be available to properties converted under the Rental Assistance Demonstration (RAD) program.

The U.S. Department of Housing and Urban Development published June 15 a revised Rental Assistance Demonstration (RAD) Notice. On Friday, July 10th, HUD will hold live Q/A sessions on the revised RAD Notice that was published on June 15, 2015.

The U.S. Department of Housing and Urban Development (HUD) will now release monthly updates on all active and closed Commitments to enter into a Housing Assistance Payment (CHAPs).

The U.S Department of Housing & Urban Development (HUD) announced changes to the Rental Assistance Demonstration (RAD) program Resource Desk for 1st component awardees. These changes seek to better allow for the exchange of transaction documents and communications.

The House Financial Services Subcommittee on Housing and Insurance held a hearing on private sector involvement in affordable housing. The hearing focused on opportunities to leverage large private sector investments, including the HUD Rental Assistance Demonstration program and the low-income housing tax credit (LIHTC).

The U.S. Department of Housing and Urban Development has begun issuing awards to applicants that were previously on the RAD first component waiting list. In response to questions from new awardees, HUD released several clarifications.