HUD RAD Program : Overview & Latest Updates

Pre Recorded

  • 60 minutes

RAD - Rental Assistance Demonstration was enacted by Congress in 2012 to preserve and improve affordable housing for low-income families. And now, HUD issued Revision 4 to the RAD Notice on September 5, 2019. RAD allows Public Housing Authorities (PHAs) to permanently convert public housing, Rent Supplement (Rent Supp), Rental Assistance Payment (RAP), and Moderate Rehabilitation (Mod Rehab) properties to the project-based Section 8 housing program. There are several major changes in this notice, including changes to the First Component of RAD (which allows public housing units to be converted to PBV or PBRA) and implementation of the Appropriations Act 2018 provision allowing Section 202 project rental assistance contracts (PRAC) to be converted to PBV or PBRA.

This conversion to project-based Section 8 allows PHAs to leverage public and private debt and equity, as well as use low-income housing tax credits, to maintain and improve existing affordable housing.

Join this session by expert speaker Paul Flogstad, where he will explore the RAD Program and New RAD Notice - Revision IV in detail and everything related to it one must know.

Session Highlights:

  • What authorizes HUD to implement RAD Program

  • What exactly RAD is and what the Revision IV updates are

  • Is RAD a voluntary Program

  • RAD & Assisted Rental Housing

  • How it changes the properties that covert

  • What RAD is aimed at

Why You Should Attend:

Because of the lack of affordable housing nationwide, the RAD program helps by keeping housing affordability and it also allows owners to update the properties with a new funding source. We will cover the various funding options and most importantly using tax credits to provide low interest money and keep consistent rents for tenants.You will learn strategies to incorporate the benefits of RAD and tax credit into the various properties. There are definite rules that need to be followed and we will discuss all of them. We will also work on the partnerships between HUD and the state issues tax credit funds.

Who Should Attend:

  • Property managers

  • Property owners

  • Maintenance Staff

  • Lenders

  • Developers

  • Housing Authorities

  • Community Development Staff

*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Paul Flogstad

Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. After college graduation he was in law enforcement for 4 years. From that point on, he has been involved in sales, construction, project management, appraisal, mortgage consulting and brokerage, property management and property management consulting/training. 

Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development and Tax Credit programs. In this role he supported managers by training, compliance, budgeting, developing policy and procedures as well as creating successful marketing strategies. Previously was a regional manager for a large property management company in South Dakota. 

For over twenty years was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management. 

In 2007 he formed Property Management Solutions. In this capacity, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies. 

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

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