Definition
Rental Assistance Demonstration program converting public housing to private management with rental assistance preservation.
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RAD program allows public housing authorities to convert properties to private management while preserving rental assistance. Goal is improving housing quality and operations. Properties receive private investment and management expertise. Tenants retain rental assistance vouchers. Public housing stock is revitalized. Properties improve through private sector efficiency. Program addresses aging public housing inventory. Preserves affordable housing supply. Communities benefit from improved housing and services.
Pro Tip
Research local RAD projects for rental property investment opportunities.
Example
RAD program converted public housing properties to private management while preserving tenant assistance.