Rental Assistance Demonstration (RAD)

The Rental Assistance Demonstration (RAD) is a program that helps public housing agencies convert their properties from traditional government funding to a mixed-finance model. This allows them to access private capital through loans or bonds for repairs, upgrades, and maintenance, ensuring long-term sustainability. While residents generally retain their rent assistance and housing rights, RAD enables improvements that might not be possible with limited public funds. Essentially, it modernizes public housing by blending public and private investment, ensuring affordable, safe, and well-maintained homes for residents.