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.
RADblast! Repositioning Guides, RAD Forms, RAD in Spokane (May 25, 2021)
RADBlast! New Section 3 Rule in RAD Public Housing Conversions (March 30, 2021)
RADblast! Executive Director Q&A: Lavonia Housing Authority in Lavonia, GA (February 22, 2021)
RADBlast! Multifamily COVID-19 Supplemental Payments - Round II (November 30, 2020)
RADBlast! RAD COVID-19 Notice Published (September 18, 2020)
RADBlast! Post-Conversion Processing Guide and CARES Act Funds (July, 31, 2020)
RADBlast! RAD Environmental Review Guidance and Resident Log (February 6, 2020)
RADBlast! HUD Releases Evaluation of Rental Assistance Demonstration (October 22, 2019)
HUD Publishes Revamped RAD Inventory Assessment Tool (June 6, 2019)
RADBlast! Photo Essay, "RAD in Nashville, TN" (February 7, 2019)
RADblast! Transaction Check-Ins and Join our Webinar on RAD Rents (January 30, 2019)