NAHRO Celebrates the 100,000th Unit Preserved through RAD

On Sept. 19, the Chairman of the Housing Authority of the City of Austin (HACA) and NAHRO President Carl S. Richie, Jr. joined HACA President and CEO Michael Gerber, HUD Secretary Ben Carson and Federal Housing Commissioner Brian Montgomery to commemorate the groundbreaking of HACA’s redevelopment of one of its public housing properties, Goodrich Place.

The new community, renamed Pathways at Goodrich Place, is being redeveloped as part of HUD’s Rental Assistance Demonstration (RAD) program. RAD provides ways to address the unmet capital needs of affordable, federally assisted rental housing. It authorizes the conversion of a property’s public housing funding to Section 8 funding, which can leverage private investment for development and rehabilitation. Pathways at Goodrich Place represents the 100,000th public housing unit to be converted through RAD.

“RAD is a key tool in our housing toolkit to preserve homes across the country that serve low-income families. NAHRO is thrilled to join the Housing Authority of the City of Austin (HACA) and the Department of Housing and Urban Development (HUD) in celebrating the 100,000th public housing unit that will be preserved via RAD.  This is an important moment not just for Austin, but for the entire affordable housing industry.  As we create new affordable housing for the future, we must also preserve the precious units we have today.”

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Source: NAHRO