SAHF Comments on HUD's Draft Notice Implementing "RAD for PRAC"
In 2014, SAHF and its partner LeadingAge wrote about the need to extend HUD's Rental Assistance Demonstration to the Section 202 Project Rental Assistance Contract properties in order to preserve these vitally needed homes for seniors. After years of fantasic advocacy work from people and organizations around the country, the Consolidated Appropriations Act, 2018 contained language amending the RAD statute in order to authorize "RAD for PRAC."
On February 26th, HUD's Office of Recapitalization published draft guidance implementing the new preservation tool. SAHF submitted comments on the draft guidance on behalf of its members, who collectively own and operate more than 17,600 affordable rental homes financed with 202 PRACs and are dedicated to the preservation of the larger portfolio of these vitally needed homes for seniors.