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HUD issues revised RAD notice

Posted by NMA on Jan 19, 2017 12:43:18 PM

RAD conversions

Last week via email, the Department of Housing and Urban Development (HUD) announced to the public the online publication of revised program instructions for the Rental Assistance Demonstration (RAD) in Notice PIH 2012-32/Notice H 2017-03, REV-3. The revised notice, which fills 242 pages, includes the following key revisions for the first component (from the email):

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Topics: FMR, Mod Rehab, PBRA, PBV, PIH notices, Public Housing Conversion, RAD, Lead-Based Paint

HUD publishes notice on RAD conversions

Posted by NMA on Nov 14, 2016 1:10:55 PM

HUD publishes notice on RAD conversions

Last week the Department of Housing and Urban Development (HUD) posted new guidance for the Rental Assistance Demonstration (RAD) in Notice PIH 2016-17. The new notice, which fills 80 pages, combines guidance on fair housing and civil rights requirements with resident relocation requirements and procedures. It supersedes Notice PIH 2014-17, HUD’s previous guidance on RAD relocations. Notice PIH 2012-32 (HA) REV-2, which contains RAD implementation instructions, remains in effect.

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Topics: Fair Housing, PBRA, PBV, PIH notices, Public Housing Conversion, RAD

RAD: Post-Closing Operational Transition for PBRA

Posted by NMA on Aug 24, 2016 11:27:02 AM

NMA trainers Samantha Sowards and Sheryl Putnam will be presenting a session on RAD conversion to PBRA at The Housing Conference

As director of professional development, Sheryl Putnam has spearheaded the development of several NMA seminars, including Blended Occupancy ManagementFundamentals of LIHTC Management, and our newest class, Multifamily Housing Specialist (MHS). Prior to joining Nan McKay and Associates in 2011, she managed the compliance department for a state housing finance agency, providing compliance oversight activities for the LIHTC, PBRA, and HOME programs.

Senior trainer Samantha Sowards has been a part of the NMA team since 2008. As NMA’s manager of curriculum development, Samantha oversees publications from concept and creation through the ongoing revision process, including NMA Master Books, model policies, and handbooks. Sheryl and Samantha will be presenting the following session at the The Housing Conference in San Antonio this September.

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Topics: Blended Occupancy, Eligibility, LIHTC, Occupancy, PBRA, Public Housing Conversion, RAD, Rent Calculation, The Housing Conference

RAD Q&A session today at 3 p.m. eastern time

Posted by NMA on Jul 13, 2016 10:16:22 AM

RAD Q&A

This week via “RADBlast!” HUD released new guidance on the closing process for units converted to the rental assistance demonstration (RAD) program. The guidance is a result of feedback HUD received earlier this year.

The first change involves effective dates for HAP contracts following completion of the closing process. Effective immediately, project owners may now select the effective date of the HAP contract as the first day of either of the two months following the completed closing. For example, if the project closes on October 20, 2017, the HAP contract can be effective on either November 1, 2017 or December 1, 2017. HUD expects that the change will allow PHAs and project owners to better prepare for funding in the initial year and also allow for more time and flexibility to complete administrative functions such as executing new tenant leases.

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Topics: Public Housing Conversion, RAD

OCI revises capital fund guidebook

Posted by NMA on Apr 15, 2016 10:34:19 AM

This week on the Office of Capital Improvements (OCI) website, HUD posted a revised version of the Capital Fund Guidebook. The new, undated version replaces the original guidebook, which was dated August 2015. While the 2015 version was numbered “Handbook 7600.1,” the new version does not have a handbook number.

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Topics: Capital Fund, Final Rule, Mixed Financing, MTW, Public Housing Conversion, RAD, The Housing Conference

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