Rental Assistance Demonstration

Overview

The Consolidated and Further Continuing Appropriations Act of 2012 (Public Law 112-55) authorized the Rental Assistance Demonstration (RAD) with two components to apply proven financing tools to help preserve HUD's public and assisted housing stocks:

Rehabilitation and accessibility improvements being made at a Keene Housing Authority (NH) property.

1st Component – allows Public Housing and Moderate Rehabilitation (Mod Rehab) properties to convert, under a competition limited to 60,000 units, to long-term Section 8 rental assistance contracts; and
2nd Component – allows Rent Supplement (Rent Supp), Rental Assistance Payment (RAP), and Mod Rehab properties to convert tenant-based vouchers issued upon contract expiration or termination to project-based vouchers.

Participation in RAD by public housing agencies (PHAs) and other eligible owners is voluntary. RAD is a limited demonstration and will be rigorously evaluated to assess the viability of these approaches in preserving affordable housing.

RAD is a central part of the Department's rental housing preservation strategy, which works to preserve the nation's stock of deeply affordable rental housing, promote efficiency within and among HUD guidelines, and build strong, stable communities.

The Department published the Final RAD Notice on Thursday, July 26, 2012. Owners of Public Housing and Mod Rehab properties applying for conversion under the first, competitive component of RAD should submit applications during the Initial Application period, which runs from September 24 to October 24, 2012. Owners of Rent Supp, RAP, and Mod Rehab properties seeking to convert assistance under RAD’s second, non-competitive component will be able to submit conversion requests immediately under the revised rules.

Please check this page for the latest information on RAD. You can email the Department with questions or comments. You can also join the RAD mailing list here.