Affordable Housing Blog
   
Subscribe:  
Share Print View
RAD Updates Published in Rev-4 (Part 3:  Rent Supp and RAP Conversions)
HUD has published Rev-4 of the RAD Notice (“Rev-4”) on its website (now renumbered as Notice H-2019-09 / PIH-2019-23(HA)).  This blog post focuses on Rent Supp and RAP conversions.  For more information on the Rev-4 updates to the other RAD conversion types – public housing and Mod Rehab – and the new guidance on “RAD for PRAC,” implementing the authority to convert Section 202 PRAC projects through RAD to long-term Section 8 contracts.  For more information, see Parts 1, 2 and 4 of this blog entry.)
With respect to Rent Supp and RAP conversions, the biggest news this year is that there are only five RAP projects left eligible for conversion.  All Rent Supp projects have converted!  With this dwindling number, HUD has set a deadline for conversions –
  • Requests for conversion must be submitted by September 30, 2019.
  • Conversions must close by November 30, 2019.
If you are one of the five RAP owners left – what are you waiting for?!

Comments

There are no comments yet for this post.

Privacy Policy | Terms of Use and Conditions | Statement of Client Rights
This website contains attorney advertising. Prior results do not guarantee a similar outcome. © 2018 Nixon Peabody LLP
Categories
expand 1. HUD / RD

AFHS alerts
Elderly Housing -- Section 202
FHA Insurance and Risk Sharing
Preservation - HUD OAHP and Mark to Market
RAD
Section 8 Renewal Contracts
Utility Allowance
expand 2. Local & Regional

California and West Coast
DHCD (DC)
Housing Production Trust Fund
New York and Northeast
expand 3. Energy Tax Credits

expand 4. Historic Rehabilitation Tax Credits

Historic Rehabilitation Tax Credits
expand 5. Low-Income Housing Tax Credits

expand 6. New Markets Tax Credits

New Markets Tax Credits
expand 7. Real Estate

Tax
expand 8. Specialty

Freddie Mac
LGBT Housing
Sequestration
Tax-exempt Entities
expand 9. Video

Video