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Rental Assistance Demonstration Information

Overview

From HUD (http://www.hud.gov/rad)

The Rental Assistance Demonstration (RAD) allows proven financing tools to be applied to at-risk public and assisted housing and has two components: 

  • 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
  • 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 assistance.
     

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 programs, and build strong, stable communities.

 

Chicago Housing Authority and RAD

CHA leads the nation for the most number of units applying for the Rental Assistance Demonstration (RAD) program.

The application outlines CHA’s plans to utilize RAD for approximately 64 public housing properties with 10,935 units over a two year period. The RAD program currently allows up to 60,000 public housing units nationwide to shift to more stable, long-term property-based Section 8 funding contracts.

  • While CHA’s RAD application was submitted just after the 60,000 unit cap had been reached, HUD expects that there will be an increase to the cap or some earlier applications will not move forward. CHA’s portfolio application is in queue and is well-positioned for an award in the event more units become available.
  • As of December 31, 2013, HUD has received RAD applications for more than 175,000 units, and CHA’s application is ahead of more than 100,000 other units.

 

Please email RAD@thecha.org if you have any questions.

 

Links and Downloadable Information