HUD has posted guidance to the Office of Multifamily’s webpage for owners that have converted projects to Section 8 Project-Based Rental Assistance (PBRA) under the Rental Assistance Demonstration (RAD). This guidance applies to all PBRA RAD conversions including public housing, Section 8 Moderate Rehabilitation (Mod Rehab), Rent Supplement, Rental Assistance Payment (RAP), and Section 202 PRAC assistance. The guidance does not apply to RAD conversions utilizing Project-Based Voucher assistance.
For more information, see the Multifamily Housing webpage here.
For detailed information on the RAD program, see the webpage here.