HUD Rental Assistance Demonstration (RAD): Latest Updates and More

Important Alert: Due to a medical emergency with the presenter, this webinar has been rescheduled to Nov 21 at 1 pm EDT

RAD was created as a pilot program to test out whether a conversion from public housing to Section 8 could help PHAs repair, renovate, and return needed services to residents where they otherwise couldn’t.

With market-rate rents and home sales prices continuing to rise, Public Housing plays a crucial role in maintaining affordable housing.

The need to preserve existing units is a big part of why the Rental Assistance Demonstration (RAD) program was created in 2011.

Goals of the RAD Program

• Help PHAs become more financially stable through private market financing.
• Guarantee long-term affordability and stability for existing public housing residents
• Address capital needs AND anticipated maintenance and repairs for a selected property over a 20-year period.

Key features are

• Transfer from the HUD public housing program to the Section 8 program
• Transfer to alternative ownership and management
• Funding for major capital improvements needed over the next 20 years
• Ongoing affordability - rents set at 30% of household income

Areas Covered

• What authorizes HUD to implement RAD Program
• What exactly RAD is and what the Revision IV updates are
• Is RAD a voluntary Program
• RAD & Assisted Rental Housing
• How it changes the properties that covert
• What RAD is aimed at

Why You Should Attend

RAD was enacted by Congress in 2012 to allow public housing authorities (PHAs) to permanently convert public housing and other affordable housing properties to the project-based Section 8 housing program. The purpose of the RAD program is to repair and improve the physical quality of public housing and other affordable housing units by bringing in other funding sources beyond Congressional appropriations, such as low-income housing tax credits. Public housing properties need over $49 billion in repairs, and 10,000 public housing units are lost each year because they are in such poor condition that they become uninhabitable. While the conditions of these properties must be addressed, the RAD program goes beyond physical improvements to the property and changes the type of federal housing subsidy and rules that will apply to tenants and owners after the RAD conversion. Meaningful tenant education and participation are critical to ensure that these properties remain available to support families, seniors, persons with disabilities, and other low-income tenants who rely on federally assisted housing.

Who Should Attend

• Property managers
• Property owners
• Maintenance Staff
• Lenders
• Developers
• Housing Authorities
• Community Development Staff

Speaker(s)

Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training.

Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.

He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations and the general public nationwide. Most recently, he has been a consultant to the State of South Dakota. In this assignment he has developed a fair housing awareness program that is one of the first of its kind in the nation. It involves a three pronged approach to fair housing awareness. This approach makes use of an ombudsman concept and has proven to be very effective in dealing with discrimination and landlord/tenant issues.

For over twenty years he was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest. Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development, HOME and Tax Credit programs.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

Paul just authored a book which was released in January of 2015. It is titled: “Fair Housing: What Everyone Should Know”. This is a comprehensive book about the fair housing written with a property manager’s perspective and with real world examples. It is a great resource for anyone.

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