Latest News
HUD has just posted the 2022 RAD Contract Rents, which are used to determine the initial contract rents in the Section 8 Housing Assistance Payment (HAP) contract for public housing properties converting under RAD. These amounts will be utilized for any new commitments to enter into HAP or...
8 CLPHA Members Make HUD’s List of Top Ten PHAs Most Active in RAD; 46,500 Families Transformed
HUD has announced that PHAs and their partners have used the Rental Assistance Demonstration (RAD) to generate over $15 billion in construction investments since the program’s launch in 2013....
On July 20, the U.S. House of Representatives passed by a 220 to 207 vote the first funding minibus legislation for the upcoming 2023 fiscal year. HR 8294, the “FY2023 Consolidated Appropriations Act” is the minibus comprised of six bills from six of the twelve House appropriations subcommittees....
From the Housing Authority of the City of Austin's (HACA) newsletter:
Last month we marked two huge milestones in HACA's history: the grand opening of 156 brand new units at Chalmers East, and the groundbreaking on 156 additional units at Chalmers West. Thank you to the blue-shirted HACA staff in...
CLPHA recently learned of changes in HUD’s Tenant Protection Voucher (TPV) issuance policy that creates uncertainty for Rental Assistance Demonstration (RAD) conversion transactions that rely upon the ability to project-base TPVs for converted public housing units. As of May 19, HUD’s revised its...
From HUD Multifamily Housing’s Office of Recapitalization’s RADBlast! Newsletter:
Jordan Downs, located in the Watts neighborhood of southern Los Angeles, California, was built in the 1940s as housing for war workers during World War II. In the early 1950s, Jordan Downs became public housing...
From the Commercial Observer:
Up to $3.1 billion in capital financing for improvements will be coming to New York City Housing Authority complexes across the city from private sector joint ventures, the agency announced.
The largest of the recent deals, financed through NYCHA’s...