Congress authorized the Rental Assistance Demonstration (RAD) program to address the daunting backlog of capital repairs in the nation’s public housing stock and to stem the loss of affordable units. PHAs can now use RAD Component I to access private debt and equity to fund repairs and stabilize properties. In March, Congress expanded eligibility requirements under the RAD program and raised the unit cap.
Our team has extensive experience securing financing to help PHAs successfully undergo a RAD conversion. Click the links below to learn more about the RAD program and contact us today to answer your RAD program questions.
TOTALLY RAD: A WEBINAR
Undergoing a successful RAD conversion requires an expert team. Love Funding and our experienced RAD partners participated in a comprehensive webinar on how to navigate the RAD program. Fill out the form to watch the webinar and download the presentation.
LOVE FUNDING RAD RESOURCES
|Are you ready for RAD? Senior Director Holly Bray sat down with Tax Credit Advisor and shared her thoughts about the program and offered invaluable advice for potential borrowers. Click to the read the feature and learn more about the program.|
|Holly Bray shares her personal experience with the RAD program in the video “Totally RAD.” Holly has years of experience with RAD conversions and has first-hand experience working with PHAs as they move through the conversion process.|
|Choosing the right experts to guide you through the RAD conversion process is vital to your success. Here we breakdown the key players in your transaction and examine the roles of the lender, consultant, legal counsel and engineer.|
|Love Funding Director Dave Strachan takes a closer look at one of our recent RAD deals, Central Park Towers in Elgin, Il. Dave talks about RAD and how the Housing Authority of Elgin used the program to revitalize the project.|
|Learn more about RAD and the program’s specifics. This one-stop-shop is a resource to those considering RAD and features helpful information including a program overview, description and simple timeline.|