RAD was initially authorized with a unit cap of 60,000 in the FY12 appropriations bill, which has since been lifted to 455,000 in the FY18 appropriations bill. In order to meet the demand for RAD, CLPHA strongly supports eliminating the RAD cap.
From News 12 Westchester:
Yonkers Mayor Mike Spano and city leaders got an inside look Friday at the newly renovated apartment complex formerly known as the Schlobohm Houses.
The Palisade Towers, at 95 Walsh Road, now has a new outside façade and new elevators, along with new kitchen appliances, countertops and upgraded bathrooms.
From The Virgin Islands Consortium:
The Virgin Islands Housing Authority’s (V.I.H.A.) Board of Commissioners held its regular monthly meeting on St. Thomas and via conference on St. Croix Wednesday. Two major resolutions presented for approval involved entering agreements to begin development of public housing units into affordable mixed finance, project-based voucher, or rental assistance demonstration rental units on both St. Croix and St. Thomas.
Part two of Affordable Housing Finance’s special report “Turning Point for Public Housing,” explores tools such as the Rental Assistance Demonstration (RAD) program and Low-Income Housing Tax Credits (LIHTC) that public housing authorities can use to recapitalize and redevelop properties for their residents and communities.