A new report by the Terner Center for Housing Innovation at UC Berkeley highlights the early successes of the federal Rental Assistance Demonstration (RAD) program, which converts public housing authorities’ (PHAs) existing annual operating and capital subsidies into project-based rental contracts that can attract private capital, a change that offers significant tenant and affordability protections. The report shows that the RAD program is successfully leveraging federal dollars with private funds to help PHAs rehabilitate and preserve public housing units that would otherwise be demolished over time due to obsolescence. Furthermore, the report emphasizes the importance of expanding the RAD program by allocating additional federal funds and using other financing sources to help close financing gaps, including considering expansions to the Housing Credit and set-asides for RAD as part of housing finance reform.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing