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1st Component Application and CHAP Awards Update
Updated information on the 1st Component and CHAP Awards is now available for current participants and prospective applicants.
What is RAD?
What can it do in my neighborhood?
The Rental Assistance Demonstration (RAD) allows proven financing tools to be applied to at-risk public and assisted housing and has two components:
1st Component - Allows Public Housing and Moderate Rehabilitation (Mod Rehab) properties to convert, under a competition limited to 60,000 units, to long-term Section 8 rental assistance contracts; and
2nd Component - Allows Rent Supplement (Rent Supp), Rental Assistance Payment (RAP), and Mod Rehab properties to convert tenant-based vouchers issued upon contract expiration or termination to project-based assistance.
RAD is a central part of the Department's rental housing preservation strategy, which works to preserve the nation's stock of deeply affordable rental housing, promote efficiency within and among HUD programs, and build strong, stable communities.
Resources and Information for RAD Network Partners
Starting this month, the RAD program is releasing a monthly newsletter. The Newsletter is targeted primarily to public housing agencies (PHAs), Multifamily owners, lenders, investors, and other development partners who are participants in the RAD program. It will include information on key program statistics, news, and special events that take place each month. Additionally, each issue will highlight a few recently closed projects. Click here for this month’s newsletter.
September 24, 2014: RAD Case Studies: Find out how Public Housing Agencies and owners of HUD-assisted properties are utilizing RAD to preserve access to long-term affordable housing. Click on the links on the slide show to learn about innovative RAD conversions in Massachusetts, New York, North Carolina, and Florida. The case studies are also available here. Come back next month to read more!
To receive periodic updates about the RAD program, join our mailing list.
Want More Information
Notice on Relocation Requirements Under the Rental Assistance Demonstration Program, Public Housing in the First Component (7/2014)
New Low Income Housing Tax Credit (LIHTC) PBV and PBRA Riders to HAP. See the Component 1 Contracts section of the Application and Closing Materials web page. (7/2014)
Letter from Secretary Donovan to PHAs and their partners about the current status of the 1st component of RAD for public and Mod Rehab housing and anticipated next steps with the demonstration.
RAD Notice Updated with Technical Corrections. This is a set of technical corrections prompted by Section 239 of the Consolidated Appropriations Act of 2014 (Public Law 113-76, approved January 17, 2014). The technical corrections have been added to provide authority under the second component of RAD to accept conversion requests from owners of Mod Rehab, Rent Supp and RAP properties whose contract expiration or termination occurs no later than 12/31/14
An overview of how RAD is proposed to be used by applying PHAs in applications submitted through the end of December is now available: RAD Update December 2013. For more information on the 1st Component and CHAP Awards see the Program Information web page.