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HUD Update: Timelines for Closing RAD Conversions and New Mod Rehab Conversion Materials

13 April 2018
 April 13, 2018
Category HUD News, News
TIMELINES FOR CLOSING RAD CONVERSIONS &

NEW MATERIALS ON MODERATE REHABILITATION CONTRACTS

Timelines for Closing RAD Public Housing Conversion in 2018

Each year, the Office of Recapitalization has established timelines for closing RAD transactions in the fourth quarter of the calendar year when the RAD closing volume is very heavy. This memo specifies the timelines for 2018. Each year, the Office of Recapitalization has established timelines for closing RAD public housing conversions in the fourth quarter of the calendar year when the RAD closing volume is very heavy. The attached memorandum, which is available on the RAD Resource Desk, specifies the timelines for calendar year 2018.  We strongly encourage PHAs and their development partners to close as early in the calendar year as possible.  We provide these timelines and establish deadlines to make our workload management as transparent and predictable as possible.

New Materials on the Conversion of Moderate Rehabilitation Contracts

Several new resources on the Rental Assistance Demonstration (RAD) for Moderate Rehabilitation (Mod Rehab) owners are now available.

1.       The webinar recording, questions and answers from participants, and other materials are available for this webinar on RAD conversion of Mod Rehab properties.

Recording and Q&As: Conversion of Moderate Rehabilitation Contracts Webinar – January 30, 2018

2.       Three new RAD Mod Rehab fact sheets, which provide an overview of the benefits of RAD Mod Rehab conversion for different audiences, as well as the application process, are now available.

RAD Mod Rehab Fact Sheets

3.       Sign up for Mod Rehab Talk, a 30-minute session to speak one-on-one with HUD staff about your properties, RAD conversion, preservation strategies, and the RAD application process. After this initial call, owners who need further consultation and guidance may be referred to technical assistance (TA) providers for on-call direct TA.

Mod Rehab Talk

In addition to these scheduled sessions, you are always welcome to contact HUD Recap staff by emailing rad2@hud.gov at your convenience to discuss your property and RAD conversion questions. We are available and happy to help!

 

– The RAD Team

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