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Lawmakers extend RAD authorization, pushing $28.4 billion into repairs

The funding update supports 1,939 RAD conversions so far, with roughly 200,000 units listed in the pipeline for additional conversions.

Reported · Written up by our desk · Residential

HousingWire says the 21st Century ROAD to Housing Act, which became law in July, includes changes to the Rental Assistance Demonstration (RAD) program that will shape the future of public rental housing in the United States.

With 860,000 public housing units remaining, the article says Congress locks in RAD authorization and extends its reach as investment totals $28.4 billion, citing 1,939 RAD conversions completed and about 200,000 units in the pipeline.

The op-ed also describes how public housing is supported for repairs through RAD’s role in stabilizing cash flow, noting that public rental housing is operated by public entities and housing agencies and is designed to keep rents affordable to very low-income households, capped at no more than 30% of gross income.

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