David Weber, PHADA Policy Analyst
On October 22, 2019, HUD released an evaluation of the Rental Assistance Demonstration (RAD) prepared by Econometrica, Inc. under contract with HUD. The report concludes that RAD has been successful in leveraging non-public housing sources, improving physical conditions for residents and putting the properties on more stable financial footing for the future. It also indicates broad tenant satisfaction with the improvements to their properties and the communications they received about the program.
This report builds upon and complements a prior ‘interim’ report prepared under the same contract. Links to that report and supporting materials can be found on PHADA’s website. Additional PHADA coverage of the interim report and related issues can be found here.
HUD’s Press Release announcing release of the report highlights the positive impacts of RAD as identified by the report. These positive impacts include:
- Increased financial leveraging, including $12.6 billion of non-public housing sources (Nov. 2011 – Oct. 2018).
- Improved physical condition of the 17 studied first cohort projects.
- Improved financial condition, including replacement reserves, of the 18 studied first cohort projects.
- Positive tenant survey results and minimal tenant relocation.
However, the report also includes additional data that should raise concerns for policy-makers, and the questions not addressed in the report may be as important as the results provided.
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