Materials from CHAPA Forum: HUD’s Rental Assistance Demonstration – What does the Program Hold for the Future? - November 15, 2013

CHAPA Forum:

HUD’s Rental Assistance Demonstration –   What does the Program Hold for the Future?

Co-Sponsored by Community Economic Development Assistance Corporation

Tuesday, November 12, 2013

Margaret S. Salazar, Director of the Office of Affordable Housing Preservation at HUD, will discuss the future of HUD’s Rental Assistance Demonstration (RAD). Created to help preserve certain properties with maturing mortgages and expiring rental assistance, RAD has proven to be an important preservation tool in Massachusetts.  As of September, a total of 13 preservation projects in Massachusetts with almost 1,100 affordable units have been approved for long term rental assistance under RAD (735 affordable units) or had applications under review by HUD (349 units).  This component of RAD, initially authorized only through FY2013, has been extended to January 15, 2014 by the FY2014 continuing resolution. 

Ms. Salazar’s presentation will be followed by developers describing two very different types of RAD transactions.

This technical forum is targeted towards experienced affordable housing practitioners. Note that it will not include the public housing feature of RAD, but rather will focus solely on Rent Supplement, RAP and Mod Rehab preservation.  

Guest Speaker

Margaret Salazar, Director, Office of Affordable Housing Preservation, HUD - Presentation coming soon

Panelists

Maria Maffei, Principal, MTM Consulting LLC - Presentation 

Thacher Tiffany, Director of Acquisitions, Beacon Communities LLC - Presentation

Mary Corthell, VP for Compliance, Beacon Communities LLC - Presentation

Bill Brauner, Housing Preservation Program Manager, CEDAC