Rental Assistance Demonstration (“RAD”)
The Raleigh Housing Authority (“RHA”) has applied for approval from the United States Department of Housing and Urban Development (“HUD”) to convert a portion of its public housing properties to project-based assistance under the Rental Assistance Demonstration (“RAD”) program. RAD offers greater flexibility to ensure the preservation of RHA’s affordable housing, the ability to leverage new resources to address capital needs, and provides a more stable and reliable funding source in the face of continued federal cutbacks to the public housing program.
RAD is a HUD demonstration program through which public housing units can be converted to long-term project based assistance. RAD does not provide any new HUD funds; rather, it combines public housing operating and capital subsidy into payments under a long-term RAD Section 8 Project-Based Housing Assistance Payment (“HAP”) contract.
RHA’s goal with RAD is to ensure the long-term preservation of affordable, quality housing for current and future residents. Current residents will continue to receive housing assistance following conversion provided they continue to remain in good standing with their lease obligations. Most residents will not see any impact to their rent. RHA will maintain substantially the same operational rules, rent structure and resident rights that are in place now. Residents should feel very little day-to-day impact.
RHA has held over two dozen resident meetings which discussed potential RAD conversion. Responses to resident’s RAD questions can be found here: Resident Meeting RAD Questions
For more information on RAD, visit HUD’s Rental Assistance Demonstration website: www.hud.gov/rad