Strategies and Options Available for Developers and PHAs to Bolster Low-Income Housing Properties
Implemented to help a $26B backlog of rehabilitation needs on low-income properties, the Rental Assistance Demonstration (RAD) is a voluntary program of HUD to preserve public housing by providing Public Housing Agencies (PHAs) with access to more stable funding to make needed improvements to properties. If you are a PHA or a developer that wants to work with a PHA on a RAD deal, understanding the process is critical.