On July 3, HUD published 2 notices describing changes in the RAD program. The first notice increases the number of public housing units eligible for RAD conversion to 455,000 units from 225,000 units and extends the period for project applications until September 30, 2024. The second notice outlines 4 changes to the public housing conversion process…
- A streamlined conversion option for some properties,
- Expanding rent-setting flexibility,
- Permitting PHAs to establish project-specific utility allowances for project-based voucher conversions, and
- Providing an incentive for owners to adopt a waiting list preference for households exiting homelessness or permanent supportive housing.