FHA Commissioner Reacts to RAD Waiting List

In last week’s update from the NLHA Conference, we heard that HUD had posted the waiting list for RAD projects.  This week, Federal Housing Commissioner Carol Galante issues an update stating that the Department will continue to review waiting list applications so awards can be made immediately if the 60,000 unit cap is lifted.  The Commissioner reports that HUD is working with Congress to expand authority for RAD.  HUD has received applications for over 175,000 units in approximately 1,023 projects proposing an estimated $2.7 billion to be leveraged to preserve affordable housing.  

Tags: HUD