HUD has updated the web page that provides information on the progress of the Rental Assistance Demonstration (RAD). Under the first component of RAD, HUD has so far awarded a commitment to enter into a housing assistance payments contract, or CHAP, to:
- 361 public housing projects with 59,212 units
- 8 Moderate Rehabilitation (Mod Rehab) projects with 1,053 units
The page provides a link to a full list of the recipients of the CHAP awards.
As you may recall, the current limit on conversions under the first component of RAD, for both the public housing and Mod Rehab programs, is 60,000 units. So the updated total of 60,265 units has exceeded the cap. Accordingly, HUD announces on the updated page that it has created a waiting list for the first component of RAD in the order in which applications were received. You can view the current waiting list in both PDF and Excel versions.
HUD also alerts us on the updated page that it expects to shortly issue guidance on how to submit new second component conversion requests. The second component of RAD had been set to expire last year, but was extended through the end of this year by the 2014 appropriations act. Under the second component of RAD, HUD has so far provided approval to 75 projects with more than 8,300 units.