The Rental Assistance Demonstration (RAD) allows proven financing tools to be applied to at-risk public and assisted housing and has two components:

Secretary Shaun Donovan announces RAD implementation at the Housing Authority of Savannah in Savannah, GA.

• 1st Component - Allows Public Housing and Moderate Rehabilitation (Mod Rehab) properties to convert, under a competition limited to 60,000 units, to long-term Section 8 rental assistance contracts; and
• 2nd Component - Allows Rent Supplement (Rent Supp), Rental Assistance Payment (RAP), and Mod Rehab properties to convert tenant-based vouchers issued upon contract expiration or termination to project-based vouchers.

RAD is a central part of the Department's rental housing preservation strategy, which works to preserve the nation's stock of deeply affordable rental housing, promote efficiency within and among HUD programs, and build strong, stable communities.

The Department began accepting conversion requests under the 2nd Component in March of 2012 and accepting applications under the 1st Component in September of 2012 (see summary information on the conversion requests and applications received). In the initial 30-day RAD application window for public housing properties, awardees proposed to generate over $650 million in private debt and equity investments to reduce the capital needs backlog in their properties, preserve over 12,000 public housing units, and support 9,000 local jobs in communities nationwide—all without any additional government funding.

Please check this page for the latest information on RAD. You can email the Department with questions or comments. Join the RAD mailing list.

The Department has issued initial awards and conversion authority in both the 1st and 2nd Components of RAD. See additional award and conversion information, including recent press, here.

1st Component - The Ongoing Application Period opened on October 25, 2012. The Initial Application period closed on October 24, 2012.