What is RAD ? The Rental Assistance Demonstration (RAD) is a voluntary program of the Department of Housing and Urban Development (HUD). RAD seeks to.

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Presentation transcript:

What is RAD ? The Rental Assistance Demonstration (RAD) is a voluntary program of the Department of Housing and Urban Development (HUD). RAD seeks to preserve public housing by providing Public Housing Agencies (PHAs) with access to more stable funding to make needed improvements to properties. RAD allows PHAs and owners of HUD assisted housing to preserve and improve affordable housing units that could be subject to vouchers and demolition.

Why is RAD Needed ? The 1.2 million units in the Public Housing program have a documented repair backlog of nearly $26 billion. HUD refers to these repair costs as capital needs. As a result the public housing inventory across the nation has been losing an average of 10,000 units annually through demolitions and dispositions.

How Does a RAD Conversion Work? RAD allows PHAs to manage a property using one of two types of HUD funding contracts that are tied to a specific building: Section 8 project based voucher (PBV) or Section 8 project based rental assistance (PBRA) This shift will make it easier for PHAs to borrow money and use these funds to make improvements essential for preserving their properties. The CCHA has selected Project –Based Vouchers (PBV).

How are project-based vouchers different from tenant based vouchers ? Under the project based voucher program, a PHA enters into an assistance contract with the owner for specified units and for a specified term. The PHA refers families from its waiting list to the project owner to fill vacancies. Because the assistance is tied to the unit, a family who moves from the project-based unit does not have any right to continued assistance. However they may be eligible for a tenant based voucher when one becomes available. Under the tenant based voucher program, the PHA issues an eligible family a voucher and the family selects a unit of its choice. If the family moves out of the unit, the contract with the owner ends and the family can move with continued assistance to another unit.

How does RAD affect me as a Public Housing Resident ? Question: Will a RAD conversion affect my housing assistance? Answer: You will not lose your housing assistance and you will not be rescreened because of a RAD conversion. However, you will need to complete a new application for RAD.

How does RAD affect me as a Public Housing Resident? (con’td) Question: Will a RAD conversion affect my rent? Answer: If your building or development is converted to PBV or PBRA, your rent contribution will most likely be the same as it was under public housing—generally no more than 30% of your household's adjusted gross income. Since the project-based Section 8 programs also set resident rents at 30% of adjusted income, most residents may have a slight rent increase or decrease (due to utility allowances) as a result of a RAD conversion. If your rent increases more than 10% and requires you to pay more than $25 per month in additional rent, your new rent will be phased in over the next 3 or 5 years depending on your PHA’s policy.

How does RAD affect me as a Public Housing Resident? (con’td) Will I have to move if my building or home is being rehabbed? Answer: Most needed repairs made as part of RAD are likely to be small and you will be able to stay in your home during construction. However, some apartments and buildings will require more extensive rehab. In these cases, you will be temporarily relocated but will have the right to return to your development once construction is completed. Generally, temporary relocation should not last longer than 12 months.

How does RAD affect me as a Public Housing Resident? (con’td) Question: How can residents be involved in the RAD process? Answer: Before PHAs can apply to participate in RAD, HUD requires them to notify all residents in a development proposed for RAD conversion about their plans and conduct at least two meetings with those residents. These meetings are an opportunity for you to discuss the proposed conversion plans with your PHA, ask questions, express concerns, and provide comments. The PHA is required to submit your comments and its response to them as part of the RAD application. The CCHA had these meetings in back in November and December of 2013. All comments have been submitted as part of the RAD application.

Any Questions ?? ??????????? For more information about the RAD program, please go to: http://portal.hud.gov/hudportal/HUD?src=/RAD