RAD is an initiative of the Department of Housing and Urban Development (HUD) and many stakeholders that seek to preserve public, and other HUD-assisted housing, by providing owners and Public Housing Agencies (PHAs) with access to additional funding to make needed physical improvements to properties.
In a tightened budget environment, PHAs and owners have to make tough choices between repairing roofs and replacing plumbing – or worse, demolishing units altogether – because there simply isn’t enough money to go around. The public housing inventory currently has a capital needs backlog of $25.6 billion, and the nation continues to lose 10,000 to 15,000 units of affordable housing every year. RAD is one way in which HUD is exploring comprehensive strategies to preserve affordable housing.
RAD can work for properties funded through HUD’s Public Housing, Moderate Rehabilitation (Mod Rehab), Rental Supplement (Rent Supp) and Rental Assistance Payment (RAP) programs.
2nd Component Extended Authority (February 12, 2014)
1st Component Unit Cap (January 24, 2014)
Submitting RAD Requests and Technical Waivers (December 12, 2013)
Updated RPCA Scope of Work (December 12, 2013)
RAD 2nd Component Conversions and the Continuing Resolution (November 7, 2013)
RAD Applications Update (November 4, 2013)
RAD Rent and Funding Levels (October 23, 2013)
Important Information on the RAD Program (October 1, 2013)