NYU Furman Center Sign Up Facebook Twitter LinkedIn
CoreData.nyc

Directory of NYC Housing Programs

Rental Assistance Demonstration (RAD)

The Rental Assistance Demonstration (RAD) was created in order to give Public Housing Authorities (PHAs) a powerful tool to preserve and improve public housing properties and address the $26 billion dollar nationwide backlog of deferred maintenance. RAD also gives owners of three of the U.S. Department of Housing and Urban Development’s (HUD) legacy programs – Rent Supplement, Rental Assistance Payment, and Section 8 Moderate Rehabilitation – the opportunity to enter into long-term contracts that facilitate the financing of improvements. In RAD, units move to a Section 8 platform with a long-term contract that, by law, must be renewed. This ensures that the units remain permanently affordable to low-income households.

Program Information Help Icon

  • Supply/Demand: Supply, Demand
  • Category: Land and Financing, Rental Subsidies and Assistance
  • Scale: Very Large Scale (over 10,000 units)
  • Timeframe: 2013 - Present
  • Occupancy tenure: Rental
  • Building Type: Multi-family
  • Developers/Owners: Non-profit, For-profit
  • Income Restrictions: Low-income

View all programs

Search

Filter By

Tags