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ACQUISITION, RENOVATION & DEVELOPMENT COMMITTEE November 19, 2014, AGENDA 1. Call to Order 2. Approval of Minutes a) October 21, 2014 3. RAD (Construction) 4. SHDP1 5. Rankin Terrace LIH TC 6. Project
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RAD Construction stands for Rental Assistance Demonstration Construction. It is a program that allows public housing properties to convert to a Section 8 platform.
Property owners or managers of public housing units interested in converting to the RAD program are required to file RAD construction.
To fill out RAD construction, property owners or managers need to submit an application to the Department of Housing and Urban Development (HUD) detailing the proposed conversion plan.
The purpose of RAD Construction is to provide a more stable funding platform for public housing properties while also addressing the backlog of needed repairs and improvements.
Information such as the proposed scope of construction work, financing plan, and resident relocation plan must be reported on RAD construction.
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