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RADBlast! FAQs on Opportunity Zone Rent Increases and New Webinars Now Available

Guidance posted on Rent Increases for Public Housing Conversions in Opportunity Zones
FAQs on Opportunity Zone Rent Increases, RAD Notice Webinars,
and Resident Rights Webinars Now Available
Guidance posted on Rent Increases for Public Housing Conversions in Opportunity Zones
Revision 4 of the RAD Notice created a new rent flexibility for public housing properties that are converting to PBRA, that are located in designated Opportunity Zones, and that are undertaking new construction or substantial rehabilitation. HUD has now posted a set of frequently asked questions that explain the eligibility criteria for the rent increase, the process for requesting and retaining the rent increase, and the underwriting considerations HUD will use in determining whether the rent increase is necessary. Please see https://radresource.net/output.cfm?id=ozfaqs.

New Webinars Available on RAD Notice Revision 4 and on Residents Rights and Engagement in RAD.  HUD produced a series of webinars over the past 6 weeks, which are now available on the RAD Resource Desk.

Public Housing
Mod Rehab
  • RAD notice Revision 4 – Mod Rehab and SRO Conversion. Provides an overview of the policy and programmatic changes in the new RAD notice applicable to the conversion of Mod Rehab and Mod Rehab SRO. https://www.radresource.net/webinar_show.cfm?vid=112
  • Resident Rights and Engagement in Section 202 PRAC and Mod Rehab Conversions. Describes all of the resident rights and protections and touchpoints for resident engagement across the RAD conversion process, applicable to Mod Rehab and SRO RAD conversions. https://www.radresource.net/webinar_show.cfm?vid=114
Section 202 PRAC
  • RAD notice Revision 4 – Section 202 PRAC Conversions. Provides an overview of the policy and programmatic changes in the new RAD notice applicable to Section 202 PRAC Conversions. https://www.radresource.net/webinar_show.cfm?vid=110
  • Resident Rights and Engagement in Section 202 PRAC and Mod Rehab Conversions. Describes all of the resident rights and protections and touchpoints for resident engagement across the RAD conversion process, applicable to Section 202 PRAC conversions. https://www.radresource.net/webinar_show.cfm?vid=114
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Thanks!
-The RAD Team

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