The Department of Housing and Urban Development (HUD) has announced that the final RAD notice will be released tomorrow:
The final notice implementing RAD, incorporating changes made as result of public comments on the initial notice (PIH Notice 2012-18), will be released Thursday, July 26, 2012.
Upon the notice’s release, owners will have 90 days to apply to be considered for the Initial Application period. Additionally, owners of Rent Supp, RAP, and Mod Rehab properties looking to participate in RAD’s second component, which allows the conversion of assistance to the PBV program, will be able to apply immediately under revised rules.
To learn more about how NMA can help with RAD applications, visit our website.
