RAD for Section 202 Project Rental Assistance Contracts (PRACs)

• New RAD for 202 PRAC Case Studies! We have published a new series of case studies for RAD's 202 PRAC conversions. The studies provide an in-depth summary of the transaction including the challenges and lessons learned about the process during the conversion. Read our first studies below.
  • Palms Harbor Apartments, North Fort Meyers, FL
  • Christian Care Cottonwood, Cottonwood, AZ
• RAD Supplemental Notice 4B. The latest Supplemental Notice implements additional budget authority and new flexibilities for Section 202 PRAC conversions; strengthens and expands resident engagement requirements; establishes new energy efficiency and climate resilience standards and requirements; and makes it easier for PHAs to use “RAD & Section 18 Blends” or the new “Faircloth-to-RAD” process to transform and expand their affordable housing stock. 
• ​RAD Notice Revision 4 as amended by RAD Supplemental Notice 4B (Published 7/31/2023)
• RAD Supplemental Notice Overview Webinar (YouTube video Recorded 8/9/2023)
  • Webinar Questions & Answers (Q&As) (8/18/2023)
  • Presentation slides 

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.