Welcome to the Rental Assistance Demonstration Capital Marketplace (RAD Capital
Marketplace). The site is designed to encourage contact and information sharing
among housing authorities (PHAs) and multifamily owners considering a RAD
conversion and the lenders, investors, development partners, financial
intermediaries, professional financing advisors, consultants, that offer
services and products that PHAs and owners may wish to use in preparing their
application and/or financing plan.
The site has been developed collaboratively by
Equity Fund, Inc. (NEF) an affiliate of LISC, Council of Large Public Housing Agencies
(CLPHA) and Enterprise Community Investment, Inc.
One of the
goals of RAD (Notice PIH-2012-32) is to demonstrate how the conversion
of current assistance to long-term project-based Section 8 rental
assistance contracts can generate access to private debt and equity to
address immediate and long-term capital needs of the public housing
stock and Rent Supp, RAP and Section 8 Mod Rehab multifamily housing at risk from being lost from the
affordable stock. The Initial Application Period for the limited,
competitive component of RAD for public housing and Mod Rehab
properties opens on September 24, 2012 and closes October 24, 2012.
Owners of eligible Rent Supp, RAP and Mod Rehab properties may submit
conversion requests for Section 8 Project Based Vouchers only on a
rolling basis. Program rules and application instructions are
outlined in the Notice, which can be found on the RAD webpage: www.hud.gov/rad