RADBlast! $15B in Construction Generated Through RAD
We are proud to announce today that public housing authorities and their partners have surpassed $15 billion in construction investment since RAD's inception in 2013. PHAs across the nation leveraged RAD to obtain this financing for the construction, rehabilitation, and preservation of more than 185,000 deeply affordable rental homes for low-income families, seniors, and persons with disabilities.
RAD has provided the platform for PHAs to recapitalize and infuse new public and private investment in deeply affordable rental housing while preserving the affordability of these rental homes in perpetuity. Through RAD for every $1 in public housing funds PHAs have put into a converting property, they have unlocked $15 in additional funding.
The attached flyer celebrates what PHAs have been able to accomplish with and for residents and their communities, and that highlights some of the accomplishments of RAD as told both through the numbers and from the resident experience.
Behind the $15B, RAD has helped PHAs across the country to:
See additional RAD data here.