Presenter: Gwen Volk, GWEN VOLK INFOCUS, INC.
HUD’s Rental Assistance Demonstration (RAD) program, created in 2012, is having an impact on public housing and HUD’s Rent Supplement, RAP and Mod Rehab projects. This voluntary “preservation” program is helping to stop the loss of affordable housing. It is also providing new opportunities for experienced affordable housing developers, managers and agents from the private sector to partner with PHA’s. As of October 2015, HUD had closed RAD transactions on 189 public housing properties as well as 131 Rent Supplement, RAP, and Mod Rehab projects. This transaction converted more than 34,000 units to a Section 8-style platform. And HUD has to convert another 160,000 PHA units and all remaining Rent Supplement, RAP and Mod Rehab units. Learn what RAD is, how it changes the properties that convert, and how your skills may be needed in this ambitious
effort to leverage private capital to preserve assets and offer residents greater choice and mobility.