RECOMMENDATIONS
CONSIDER ACCEPTING a report on the status of the Housing Authority's Rental Assistance Demonstration (RAD) application to the U. S. Department of Housing and Urban Development for vacant units at Las Deltas in North Richmond.
BACKGROUND
HUD’s FY2015 budget was finalized as part of an omnibus appropriations bill signed by the President on December 16, 2014. In addition to HUD's budget, the bill expanded the RAD program from 60,000 units to 185,000. According to HUD, the new cap is sufficient to process all applications on its waiting list (including HACCC's) as well as 8,000 new units. The deadline for applying was also extended three years to September 30, 2018. The omnibus bill permanently extends the second component of RAD to preserve projects with older forms of rental assistance (Rent Supplement, Rental Assistance Payment, and Section 8 Moderate Rehabilitation, all usually owned by private or nonprofit entities), and allows those conversions to use either project-based rental assistance (PBRA) or project-based voucher (PBV) and newly allows RAD to be used to preserve McKinney Vento Mod Rehab SRO units.
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