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.
A new study conducted by the Columbia University Mailman School of Public Health examined residents’ experiences and perspectives after a Rental Assistance Demonstration conversion. The researchers, who conducted 30 in-depth interviews with residents across three RAD sites, published their findings in an article for Housing Policy Debate, “The ‘Projects’ Are Nice Now”: Resident Perspectives on the Rental Assistance Demonstration (RAD) Program.“