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HUD Issues RAD Guidance

Wednesday, June 17, 2015 - 7:00AM

The U.S. Department of Housing and Urban Development (HUD) released new guidance this week for public housing authorities (PHAs) and property owners and managers participating in HUD’s Rental Assistance Demonstration (RAD) program. The guidance represents clarifications and changes since the program’s launch and incorporates key changes authorized by Congress, including the expansion of the program cap from 60,000 to 185,000 units. It revises which properties are eligible to participate, the rights of residents and the role of PHAs in entities formed as part of a RAD conversion.

Tune in to the June 23 episode of the Tax Credit Tuesday podcast for more information on the guidance.

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