RAD2—PRAC, Mod Rehab, RAP & Rent Supp
RAD2 Programs
RAD2 has proven a successful resource in preserving and recapitalizing certain Multifamily legacy programs, including Rent Supplement, Rental Assistance Payment (RAP), Section 8 Moderate Rehabilitation, Moderate Rehab Single Room Occupancy (SRO), and now, Section 202 PRAC projects. Similar to Public Housing, RAD2-eligible properties can convert assistance to either Project-Based Rental Assistance (PBRA) directly via the Recap Office or Project-Based Vouchers (PBVs) in conjunction with a participating PHA.
An impressive milestone was reached in 2019 when the complete inventory of Rent Supp properties—over 13,000 units in total—were converted to long-term Section 8 contracts under RAD, preserving them for current and future residents.
Recently, HUD provided details in RADRev4 for converting Section 202 PRAC properties under RAD. With more than 120,000 units, the PRAC inventory is an important resource for housing low-income seniors in communities across the country .
PRAC
RADRev4 offers complete instructions for converting Section 202 PRAC properties under RAD starting on page 237. To get started, HUD has provided a helpful overview of the PRAC conversion process here, along with a RAD-for-PRAC training webinar.
For a complete list of the PRAC inventory across the country, click here.
Mod Rehab & McKinney SRO Mod Rehab
Complete instructions along with some modest changes in converting Mod Rehab and McKinney SRO properties are detailed in RADRev4 starting on page 154. HUD has also provided an updated overview of the Mod Rehab/SRO conversion process, along with a Mod Rehab training webinar.
Most of the Mod Rehab updates in RADRev4 outline important resident rights and processes—which are also applicable to the new RAD-for-PRAC program. HUD has provided a resident rights-processes training webinar to help explain these updates.
The most recent ownership and administering PHA information for the Mod Rehab/McKinney SRO inventory can be reviewed below.
RAP & Rent Supp
The best information on converting RAP projects under RAD can be found in the most recent RAD notice (RADRev4) starting on page 197 (as noted above, the Rent Supp inventory has now been completely converted under RAD).
Find a somewhat dated but useful list of all RAP and Rent Supp properties in the country here.
For a list of RAP—and Rent Supp—properties that have closed on their RAD conversions, check here.