RAD

In Affordable Housing Finance's article "Turning Point for Public Housing," CLPHA' Executive Director Sunia Zaterman says of the massive capital needs backlog facing public housing authorities that  “[t]he handwriting has been on the wall. The funding levels were not sustainable."

Zaterman adds, "We have lost about 10,000 units a year from underfunding," but that "[t]he number of public housing units lost may have slowed to about 8,000 a year, thanks to RAD, in the last couple of years.”

With RAD, says Zaterman, “[w]e have achieved proof of concept,... We could have the portfolio totally recapitalized in 10 years.”

Read Affordable Housing Finance's article here. 

From the City of Fort Worth, TX's website:

Fort Worth Housing Solutions will open Campus Apartments, its newest affordable housing community, near Tarrant County College-South Campus in late March.

The 224-unit community features 10 market-rate units and 214 units for households earning less than 60 percent of the area’s median income. Fifteen of the affordable units will be new homes for families relocating from Butler Place Apartments under HUD’s Rental Assistance Demonstration program.

Read  the City of Fort Worth, TX's article  “Opening near TCC-South Campus: Affordable housing for the workforce,” featuring Fort Worth Housing Solutions. 

From Multi-Housing News:

MassHousing has closed on $38.7 million in affordable housing financing to non-profit Inquilinos Boricuas En Accion Inc. (IBA). In partnership with the Boston Housing Authority, the organization intends to use the capital for the rehabilitation and preservation of West Newton Apartments, a 146-unit public housing community in Boston’s South End. Contractor Bilt-Rite Construction, Davis Square Architects and Management Agent Maloney Properties are also part of the redevelopment project.

Read Multi-Housing News' article “Affordable Boston Community Receives $39M Loan,” featuring the Boston Housing Authority.