Rental Assistance Demonstration (RAD) Program
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What is RAD?
RAD is a program of the Department of Housing and Urban Development (HUD) that seeks to preserve affordable housing. It achieves this goal by allowing Housing Authorities to change their subsidy from the Public Housing program to the Section 8 Program. RAD allows Housing Authorities to attract capital to improve their buildings that would otherwise be unavailable under the Public Housing program. Occupancy rules and resident rent payments remain the same as under Public Housing.
Because RAD is a federal program run by HUD, it only applies to the BHA's federal buildings:
How Will the BHA Use the RAD Program?
The BHA submitted a preliminary application to HUD in late October, 2017. Once the BHA receives approval, the Authority will begin the process of raising money, engaging with architect and engineering firms, and working with the residents of O'Shea House to make plans for the rehabilitation of that building.
The BHA intends to rehabilitate all of the federal buildings in its portfolio in the next 10 years as part of its Property Preservation Initiative. More information can be found in the Resident Information Meeting presentation below.