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.
Information on Applications, Reservations, and Waiting List
Given the continued, growing interest in the Rental Assistance Demonstration (RAD) and the large number of applications submitted in recent months for both the 1st and 2nd components of RAD, the Department wishes to update current participants and prospective applicants as to the following procedures and information:
1st Component (Public Housing & Section 8 Mod Rehab Housing)
As of December 1, 2014, the Department had received applications for more than 176,000 units. Currently, the Department only has authority to award 60,000 units, of which approximately 59,000 units have now been reserved. A complete list of all reservations can be found here. Additionally, the Department has created a queue of projects above the 60,000 unit cap, in the order in which applications were received. This queue will serve as the RAD waiting list. If projects below the 60,000 unit cap are withdrawn or have CHAP awards revoked, the Department will draw projects from the waiting list up to 60,000 units in order of the waiting list. The waiting list can be found here in PDF and Excel formats.
The Department is currently working with the Congress and stakeholders to pursue a lifting of the 60,000 unit cap so that we may make additional awards. In the meantime, the Department will continue to review applications on the waiting list so that, in the event that the cap is lifted, we can immediately make awards and begin working with PHAs on their transactions.
2nd Component (Rent Supp, RAP & Section 8 Mod Rehab Housing)
The 2nd Component of RAD was set to expire on September 30, 2013, but was extended through December 31, 2014 by the 2014 Omnibus Appropriations Bill. The Department will shortly release guidance on how to submit new 2nd component conversion requests under this extended authority.
As of December 2013, the Department provided approval to 75 projects representing over 8,300 units.
You can email the Department with questions or comments at RAD@hud.gov. You can also join the RAD mailing list by clicking here.