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HUD Notice Clarifies COVID-19-Related Issues for RAD Conversions

Friday, September 18, 2020 - 2:45PM

The U.S. Department of Housing and Urban Development (HUD) today published a notice amending Rental Assistance Demonstration (RAD) Notice Revision 4 concerning two issues related to the COVID-19 pandemic. HUD Notice H-2020-09 and PIH-2020-26 states that in obligating operating funds for a RAD conversion in the first calendar year for which a housing assistance payment contract is effective, the project may receive up to the amount provided in the Coronavirus Aid, Relief and Economic Security (CARES) Act operating fund grant amount. The notice also provides flexibility in how public housing authorities conduct pre-RAD conversion meetings with residents until Dec. 31, 2020.

Learn more about RAD hot topics at the Novogradac 2020 Credit and Bond Financing for Affordable Housing Virtual Conference, Oct. 1-2.

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