HUD Releases FAQ Document on RAD Rent Increases in OZs

Monday, November 4, 2019 - 11:15am

The U.S. Department of Housing and Urban Development (HUD) today released a frequently asked questions document explaining how certain public housing conversions in opportunity zones under the Rental Assistance Demonstration program are eligible for increased contract rents. The document explains what properties are eligible for the increase, how HUD will determine whether the rent increase is necessary for the viability of the transaction and when a public housing authority can make a request.