Rental Assistance Demonstration Program (RAD)
RAD was created in order to give public housing authorities (PHAs) a powerful tool to preserve and improve public housing properties and address the $26 billion dollar nationwide backlog of deferred maintenance.
Five things residents should know about Public Housing Conversions
- RAD allows public housing agencies to leverage public and private debt and equity in order to reinvest in the public housing stock. This is critical given the backlog of public housing capital needs - estimated at over $35 billion.
- In RAD, units move to a Section 8 platform with a long-term contract that, by law, must be renewed in perpetuity. A Use Agreement is also recorded under RAD further enforcing HUD’s long-term interest. This ensures that the units remain permanently affordable to low-income households.
- Residents benefit from a right of return, a prohibition against re-screening, and robust notification and relocation rights. Residents continue to pay 30% of their adjusted income towards the rent, maintain the same basic rights as they possess in the public housing program, and gain a new option to request tenant-based assistance if they wish to subsequently move from the property.
- RAD maintains the ongoing public stewardship of the converted property through clear rules requiring ongoing ownership or control by a public or non-profit entity.
- RAD is highly cost-effective, relying on shifting existing levels of public housing funds to the Section 8 accounts as properties convert.
DHA's Project Based Rental Assitance (PBRA) developments
Vouchers are attached to units in a building and stays with the unit even after a tenant moves out. Some PBRA Developments will also have Tax Credit program attached to it. Applicants must meet the Tax Credit income limits as well to be eligible.
|Development Name||Total Units||RAD Units||Closing Date|
|Calvert Place*||75||43||Nov 2017|
|Holman Homes*||83||46||Nov 2017|
|Main Street Townhomes*||43||21||Nov 2017|
|Morning Glory Senior Villages*||25||25||Nov 2017|
|Edgemont Elms||58||16||Dec 2017|
|Damar Court||102||102||Dec 2017|
|Morreene Road||224||224||Dec 2017|
*HOPE VI Developments