We are excited to discuss with you Waco Housing Authority’s plans to enter a program that will allow us to upgrade housing properties and improve residents’ lives.
RAD has been undertaken by many housing authorities and has led to much success in preserving affordable housing options across the country.
The Rental Assistance Demonstration (RAD) program is a tool provided by the U.S. Department of Housing and Urban Development (HUD) to public housing agencies like the Waco Housing Authority to make upgrades to housing properties and improve residents’ lives. The RAD program is designed so that WACOPHA will receive the same amount of funding from the federal government as it has for traditional public housing subsidies. The RAD program will have no impact on local taxes. The current federal funding for public housing is converted to what is known as a project-based rental assistance (PBRA). WACOPHA will have control of its properties and can use this funding to finance the improvements they need. For individual residents, the process is transparent; they will see little difference in their financial requirements (rent and utilities), and their eligibility for public housing is protected.
Click the links below to learn more about the RAD program.