HUD Requests Comments on RAD for PRAC Notice

In an email sent to its RADBlast! email list earlier today, HUD is requesting comments to a new draft Section 4 to be added to the RAD Revised Notice. The new section would allow for the conversion of properties assisted by Section 202 Project Rental Assistance Contracts. The draft section is posted on the Office of Multifamily Housing’s Drafting Table website. Comments are due by March 12, 2019.

Specifically, HUD is seeking comment on the following topic areas:

• Is this document well organized?
• Is the guidance set forth in this document clear? Are there sections that are unclear?
• Are the proposed terms of the Use Agreement reasonable and adequate?
• Are there unique features of 202 PRACs or the elderly population that the properties serve that HUD has not adequately accounted for in this Notice?
• The draft Section describes an option to convert to Section 8 Project-Based Rental Assistance (PBRA) or to Project Based Vouchers (PBV) What is the degree of interest in PBV conversions? Please note that while HUD has developed the framework for a process for seamlessly funding a conversion from PRAC to PBRA, funding a conversion from PRAC to PBV is likely to be more complex.
• Does HUD provide adequate avenues for stakeholders to provide feedback on the direction of the RAD program and, if not, what additional measures for public feedback should HUD consider?

Comments may be submitted to rad2@hud.gov.

The draft section of the notice can be found here.