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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), 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 Residents in Cleveland, OH in a group discussion

September 1, 2022

RAD's Resident Information Notice has been updated. This notice describes residents' rights under RAD and how a RAD conversion might affect them.   

Visit RAD's Residents pages.
The Atlanta Housing Authority logo and agency headquarters on May 18, 2018

August 3, 2022

RAD in the News. The Atlanta Journal-Constitution published, "Atlanta receives $33M in HUD funding to preserve 284 affordable homes."  

Read more RAD news.
RAD in Knoxville, TN

July 13, 2022

New RAD Case Study: Knoxville's Community Development Corporation's Executive Director Q&A on RAD.  

Read the interview.

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