HUD Issues Notice PIH-2012-32 (HA), REV-2-Rental Assistance Demonstration-Final Implementation, Revision 2

On June 15, 2015, HUD issued a revised Notice that provides program instructions for the Rental Assistance Demonstration (RAD) program, to include eligibility and selection criteria.

What is RAD, you ask? RAD is a new HUD conversion program geared towards preserving affordable housing inventory by enabling PHAs and owners to have access to private funds to leverage capital repairs for aging properties. This demonstration program gives owners of public housing developments, as well as owners with projects funded under Section 8 Moderate Rehabilitation, Rent Supplement (Rent Supp), Rental Assistance Payment (RAP) programs the option to convert to either project-based vouchers (PBVs) or project-based rental assistance (PBRA). Depending on which “Component” of the Notice is applicable, there may be a competitive process to receive approval, limitations on the number of units that can convert, and varied eligibility and selection criteria.

The 235-page Notice provides additional clarification for existing content, while other provisions of this Notice are subject to a 30-day public comment period. Whether or not HUD receives adverse comments to these provisions will dictate the effective date of the Notice. If you have comments, please submit them to RAD@HUD.gov.