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Update: NCSHA Housing Credit Connect 2016

HUD Deputy Assistant Secretary for Multifamily Housing, Priya Jayachandran, and NEF Vice President, Catalina Vielma, provided a wonderful RAD update at NCSHA's Housing Credit Connect 2016.

A few major bullet points to take away from their update:

  • 32,000 units of RAD closed to date and another 20,000 with RCC or financing plan submitted; that equates to about 52,000 units of success!
  • 81,000 with active chaps with HUD involvement
  • $2.2 billion in construction dollars leveraged with closed transactions.
  • 53% of closings consist of 4% or 9% LIHTC
  • 17% new construction 

 But HUD wants and needs more on the waiting list! PHAs, hear the call!

SWAC and SMAC 2016 - Conference Overviews
RAD, Columbia Housing and Redevelopment Corporatio...
 
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