Rental Assistance Demonstration (RAD): Best Practices for Today and Tips for the Future (Archived Webinar)
In 2013, HUD established the Rental Assistance Demonstration program (RAD) to provide public housing authorities and private owners of at-risk properties with the opportunity to preserve and address the capital needs of this much needed affordable housing stock. The RAD program provides public housing authorities and private owners the ability to access long term project-based Section 8 contracts to leverage private debt and Low Income Housing Tax Credits and other equity sources to recapitalize these housing assets for long term financial and physical sustainability.
However, RAD projects can be highly complex and housing developers often need help to navigate them. Experts from LISC Housing, the National Equity Fund, Housing Alliance Group, and the Community Development Trust came together on March 9 for a discussion on the RAD program with lessons learned from successful RAD transactions. The discussion included:
- Highlights of best practices and lessons learned from the revised RAD Notice;
- Examples of innovative financing solutions;
- A look at how the debt and equity market is making RAD work; and
- Case studies from public housing and moderate rehab project.
Moderator Celia D. Smoot, Director of LISC Housing, led the discussion, joined by presenters Cat Vielma, Vice President at National Equity Fund; Brian Dowling, Senior Vice President at Community Development Trust; and Brian Robinson, Director of Strategic Capital Solutions for Housing Alliance Group.
View the recorded webinar here.
View the powerpoint presentation here.
Posted in Housing Development and Preservation