Report: RAD Leverages $9.66 for Every Dollar Provided Through HUD Public Housing Program

Tuesday, October 22, 2019 - 11:30am

The U.S. Department of Housing and Urban Development’s (HUD’s) Office of Policy Development and Research today published its final report, Evaluation of HUD’s Rental Assistance Demonstration (RAD), a 239-page document that discusses the post-conversion experience with RAD, the physical condition of properties, how renovated properties perform financially and the effect on tenants. The report says that the 956 RAD conversions studied leveraged $9.66 for every dollar provided through HUD’s public housing program appropriation, that all rehabilitation projects covered their rehabilitation needs, that there is an 87 percent post-conversion decrease in unscheduled capital needs for completed RAD properties and that tenants were pleased with the improvement. The report makes several recommendations, including the ability to raise contract rents and promote more rent bundling, an improvement in long-term oversite by HUD and more programmatic guidance for tenant relocation.