Overview

The U.S. Department of Housing and Urban Development (HUD) initiated the Rental Assistance Demonstration (RAD) as a tool for preserving affordable housing and addressing the growing backlog of capital improvement needs for public housing and HUD-subsidized projects across the nation. RAD seeks to preserve at-risk affordable housing by converting the federal rental subsidy provided by the public housing program (First Component), or legacy subsidy programs (Second Component) to the Section 8 program, using either project-based-rental assistance (PBRA) or project-based vouchers (PBV). This Guide details public housing conversions under the First Component, but does not cover the conversion of affordable units in privately-owned properties that receive assistance under legacy subsidy programs under the Second Component. Table of Contents: Program Overview Feasibility Analysis Resident Engagement Application Submission Statutory and Regulatory Waivers and Considerations Resident Protections Relocation CHAP Award and Pre-Financing Plan Milestones Financing Plan Submission Closing Process Post-Conversion Processes RAD/Section 18 Blend Restore-Rebuild Conclusion

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9781639057061

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Author Information

Amy M. McClain is a partner at Ballard Spahr LLP and chair of the firm’s Real Estate Department. Courtney E. Hunter is Of Counsel at Ballard Spahr. Their work includes representation of affordable housing developers and housing authorities in the revitalization of many of the nation’s low-income communities, addressing statutory and regulatory concerns along with complex real estate development and finance matters. They greatly appreciate the assistance of several individuals providing feedback regarding the draft, including Kathryn Oates with Regional Housing Legal Services; Georgi Banna and Sumbul Alam, both formerly at Ballard Spahr; and Mary Grace Folwell and Sireen Tucker with Ballard Spahr.

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