RAD offers better resident rights than HOPE VI or traditional tax credit sites.
Residents will have a right of return, no additional screening, their rent will remain at no more than 30% of income, the right to organize and elect a resident council, provide input on housing operations, and receive Tenant Participation Funds. PHA will retain the ownership of the land at RAD sites.
RAD is NOT a takeover by HUD. Developments converted to RAD will remain under the control and ownership of PHA or its non-profit affiliates. RAD is less control by HUD with more resident protections than prior tax credit developments.
RAD requires that rents remain no more than 30% of adjusted household income.
PHA may request approval to continue to utilize its MTW rent simplification calculations as part of any future RAD conversions.