RAD for Section 202 Project Rental Assistance Contracts (PRACs)
 

HUD published Revision 4 of the Rental Assistance Demonstration (RAD) Notice (Notice H-2019-09 / PIH 2019-23 (HA) on September 5, 2019. The revised Notice implements the recently enacted authority of the 2018 Consolidated Appropriations Act, which authorized the conversion of affordable housing for the elderly supported by eligible Section 202 Project Rental Assistance Contracts (PRACs) to Section 8 project-based rental assistance (PBRA) or project-based voucher (PBV) contracts under the Second Component of RAD to preserve housing that serves the nation’s most vulnerable elderly residents. The option to convert to long-term Section 8 assistance under RAD provides an opportunity for the aging stock of Section 202 PRAC properties to be recapitalized while protecting residents, maintaining non-profit control, and extending the period that the properties must remain affordable. Section IV of the RAD Notice provides program instructions and requirements for owners of Section 202 PRAC projects.

How Owners May Apply

Non-profit owners may make an initial submission of interest to undertake a conversion through the RAD Resource Desk. HUD will use the initial submission of interest in order to assign a Transaction Manager, who will make contact to discuss the conversion process and the Project Owner’s goals for the Project.


PRACtical RAD Training Video Series

 

 

 
PRACtical RAD Conversion Milestones Video Picture

PRACtical RAD Conversion Milestones
(7/2021 | Mp4 Format)
 
PRACtical RAD Overview Picture

PRACtical RAD Overview
(12/2019 |YouTube Format)

 

 


RAD for PRAC Forms
  • HUD 5894 - RAD Elderly Use Agreement
  • HUD 5896 - Part I PBRA Housing Assistance Payments Contract
  • HUD 5897 - Part II PBRA Housing Assistance Payments Contract
  • HUD 5898 - Part I PBV Housing Assistance Payments Contract
  • HUD 5899 - Part II PBV Housing Assistance Payments Contract
  • HUD 5904 - RAD PRAC Counsel Opinion Template