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Sec. Donovan Speaks at AHF Live

Tags:RAD

I was pleased by what Jennifer Berger and I heard about RAD from our Housing Secretary at the AHF Live conference we attended in Chicago. According to Secretary Donovan, the agency has received applications for more than 90,000 units to convert public housing under RAD and expects to hit the program’s 60,000-unit limit in the early months of 2014.

“That is why we need to increase the cap to 150,000 in our 2014 budget,” Donovan said at AHF Live in Chicago. Read all about it here. With approximately 40% of the early RAD conversions utilizing the LIHTC markets, we would love to see the RAD program authority increased with the upcoming budget / continuing resolution. Fingers crossed until January 16th...

HUD's Contingency Plan for Government Shutdown
IPM No Longer Required for RAD!
 
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