NAHMA HUD Update: HUD Publishes Revamped RAD Inventory Assessment Tool
HUD has updated and published the RAD Inventory Assessment Tool, an Excel-based tool designed to help public housing agencies (PHAs) make a first-level assessment of properties in their inventory for potential conversion of assistance to long-term Section 8 contracts. The tool is designed for PHAs that are newly considering or re-considering RAD at RAD rents based on the FY 18 Appropriation levels. Following some basic inputs by the user, this tool uses each public housing property’s “2018 RAD rents” and other pre-loaded property data to begin to structure an Income and Expense statement (or Operating Budget) as well as a Development Budget (Sources and Uses of funds) for each Asset Management Project (project) in a PHA’s portfolio. The user can then modify any of the information supplied, or any of the assumptions or formulas, to perform more detailed ‘what-if’ analyses to test different financing strategies or unit mixes, including the “RAD/Section 18 blend” (where a portion of the units are placed under standard Project-Based Voucher (PBV) contracts) or other scenarios where PBV or other unit-types are used.
Register here for a live webinar that HUD will host on the tool on Thursday, June 27 at 2:00 p.m. EDT. The webinar will be recorded and subsequently posted to www.hud.gov/rad.