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Office of Recapitalization


Office of Recap Preservation Mission Image

The Office of Recapitalization (“Recap”) supports the preservation and recapitalization of federally-assisted housing and rental assistance for current and future generations. Recap structures, reviews, and implements transactions to ensure long-term physical and financial viability, often through public-private partnerships and the use of tax-incentivized financing. Recap also implements other affordable housing initiatives which leverage this transactional expertise. Programs currently or recently implemented by Recap include the Rental Assistance Demonstration (RAD), Mark-to-Market (M2M), Post Mark-to-Market (PM2M), Section 236 Preservation, Pre-1974 Section 202 Direct Loan Preservation (including SPRAC), Section 202 Capital Advance NOFAs, Tenant and Community Engagement Initiatives, and the Green Retrofit Program.


Recap Highlights
RAD Resident Fact Sheets

December 22, 2022

RAD Resident Fact Sheets for residents of public housing properties that may be participating in RAD and provides program are available in English and Spanish.   

Visit the web page..
Post M2M web page

December 15, 2022

New web page for Post Mark-to-Market (PM2M)! The website provide resources and tools on PM2M program.   

Visit the web page.
RAD $15B Invested in RAD Public Housing Conversions

October 19, 2022

RAD reaches another big milestone. housing authorities and their partners have surpassed $15 billion in construction investment since RAD’s inception in 2013.   

Read the flyer.

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