This week’s announcement by the Georgia DCA (a State Finance Housing Agency (SFHA)) is a welcomed addition to financing options for RAD projects.
I am especially excited because this program was established in cooperation with HUD to bolster public housing agency access to the LIHTC program.
We hope to see more SFHA’s be creative and implement similar multi-site bond buying programs or financing pools with HUD assistance to assist in the preservation of public housing as they convert to long-term Section 8 contracts.
Kudos to DCA and HUD for being creative!
RAD Multi-Site Bond Program - Press Release ->GA-DCA-RAD-Multi-Site-Bond-Program.docx