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PBV-RAD
The Rental Assistance Demonstration (RAD) Program is a program of the Department of Housing and Urban Development (HUD) that seeks to preserve affordable housing.
The Rental Assistance Demonstration (RAD) allows public housing agencies (PHAs) and owners of HUD-assisted properties to convert units to project-based Section 8 programs, providing an opportunity to invest billions into properties at risk of being lost from the nation's affordable housing inventory. Additionally, it gives owners of three HUD "legacy" programs (Rant Supplement, Rental Assistance Payment, and Section 8 Moderate Rehabilitation) the opportunity to enter long-term contracts that facilitate the financing of improvements. Even through a RAD property can use private money to make big repairs, it will still receive money from HUD. With this subsidy from HUD, PHAs will manage RAD properties through either the PBV or PBRA programs. RAD requires that converted properties be owned or controlled by a public or nonprofit entity.
Public housing across the country needs more than $26 billion in repairs and many public housing agencies (PHAs) do not have enough money to keep units in good condition. RAD provides PHAs a way to stabilize, rehabilitate, or replace properties. (Housing and Urban Development, RAD Toolkit, 2018) (pg.1)
The HACHS converted its entire Low Income Public Housing to Section 8 Project-Based Vouchers (PBV) on January 1, 2018.
The Project Based Voucher/Section 8 Program is a federal government program for assisting very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing. Housing assistance is provided on behalf of the family or individual, allowing participants to identify housing in the private market.
The participant that meets the requirement of the program and where the landlord is willing to accept the voucher payment. Housing Choice Vouchers are administered locally by HACHS. HACHS receives federal funds from the U.S. Department of Housing and Urban Development (HUD) to administer the voucher program.
A family that is issued a housing voucher the rental units must meet minimum standards of health and safety, as determined by the PHA.
A housing subsidy is paid to the landlord directly by HACHS on behalf of the participating family. The family then pays the difference between the actual rent charged by the landlord and the amount subsidized by the program.
The Housing Choice Voucher Program Administrative Plan establishes guidelines for applicant eligibility and continued rental assistance.