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 or initiatives currently or recently implemented by Recap include the Rental Assistance Demonstration (RAD), Mark-to-Market (M2M), Post Mark-to-Market (PM2M), Post Mark-to-Market Budget Based Rent Adjustments (BBRA), Section 236 Preservation, and Pre-1974 Section 202 Direct Loan Preservation (including SPRAC).
Highlights
$20 Billion Invested in Public Housing Through RAD
The RAD program hit another milestone – $20 billion in total construction investment. Visit our Newletter web page to view the video and read the letter from our Director celebrating this occasion.
Posted: 12/24/24
Announcing “Restore-Rebuild” – the New Chapter of Faircloth for RAD!
This new chapter and new name "Restore-Rebuild" captures the essence of the initiative to restore what’s been lost and rebuild for a stronger tomorrow.
Posted: 11/12/24
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For the Office of Recapitalization Staff Directory visit our web page or email us at one of the programs below.
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