RAD

Last week, HUD’s Office of Asset Management and Portfolio Oversight (OAMPO) released a memo indicating that HUD will be allocating CARES Act supplemental funding resources for PBRA properties.

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In a new YouTube video, Fannie Mae highlights the Housing Authority of the City of Austin’s (HACA) comprehensive rehabilitation of its Gaston Place community, a 100 unit property for low-income seniors and disabled individuals. HACA partnered with Fannie Mae and Bellwether Enterprise to employ the Rental Assistance Demonstration (RAD) program as a tool to help finance Gaston Place’s repair backlog of nearly $8 million.

From the New York City Housing Authority's press release:

Today, the New York City Housing Authority (NYCHA) announced the selection of five development teams that will partner with the Authority under the Permanent Affordability Commitment Together (PACT) program to preserve 5,908 units in Manhattan and Brooklyn with critical infrastructure and capital repair needs.

From the Pittsburgh Post-Gazette:

The Pittsburgh Housing Authority is aiming to rehab 86 public housing units in the Manchester neighborhood in Pittsburgh's North Side.

Housing officials say they will seek federal approval next month for the improvements, which aim to repair and replace floors, furnaces and water heaters, install new cabinets and bathroom fixtures, as well as building roofs.

Article from the RAD Collaborative: