Reports + Articles


HUD Launches RAD Webpage

Following the passage of the Rental Assistance Demonstration (RAD) program in the FY12 appropriations bill late last year, HUD recently launched a new webpage to provide information on the RAD tools for preserving HUD-assisted housing. Under RAD, public housing and Section 8 Moderate Rehabilitation (Mod Rehab) properties can covert to long-term project-based Section 8 or project-based voucher contracts. Currently Mod Rehab properties can only renew their project-based rental assistance contracts for one-year terms, which do not attract private investment for preservation. The initial limit on conversion under this provision will be 60,000 units nationally. RAD also allows for the conversion of tenant-based vouchers received at Mod Rehab, Rent Supplement (Rent Supp), and Rental Assistance Payment (RAP) properties following a contract opt-out or expiration to a renewable, long-term project-based assistance contract. This creates the possibility of keeping rental assistance within the community and, again, attracting private investment for rehabilitation. Currently, Rent Supp and RAP properties can not renew their project-based assistance contracts. HUD will post all relevant RAD information, including notices and application materials, on the new webpage as it becomes available. Click here to visit HUD’s RAD webpage.

— Posted on 1/23/2012

OHCS Publishes 2012 CFC Application and Funding Amounts Available

Oregon Housing and Community Services (OHCS) recently published the application for the 2012 Consolidated Funding Cycle (CFC) and announced a training webinar on January 26. Applications are due March 30. Available funding in 2012 includes $8 million in Low Income Housing Tax Credits (LIHTCs), $10 million in Oregon Affordable Housing Tax Credits (OAHTCs), $5 million in trust fund (HDGP), $3.7 million in HOME funds, $700,000 in weatherization funds (LIWP), and a $240,000 set aside for special needs populations (HELP). OHCS also continue its preference to set aside 50% of all funding available through the CFC for Preservation projects. Click here for a link to the application and further information on the upcoming webinar.

— Posted on 1/11/2012