Affordable housing providers should plan to participate in a RAD for PRAC call with HUD on Tuesday, June 30 at 1 p.m. The call will feature information about RAD flexibilities during COVID-19 and other updates, as well as a discussion on the new RAD for PRAC forms.  

HUD is currently accepting feedback on the new forms. LeadingAge has not identified major issues with the forms, but welcomes comments on the forms by the end of June. Form overview:

• Submission of Interest (Mod Rehab and PRAC): This information is necessary in order to direct the owner to appropriate technical assistance to initiate the conversion process.
• RAD Second Component PRAC Project-Based Section 8 (PBRA) Housing Assistance Payments Contract Part I and Part II: HUD will use these contracts at the completion of a RAD conversion of PRAC to PRBA. The contract dictates the terms under which housing assistance payments will be made.
• RAD Section 8 Project-based Voucher (PBV) Housing Assistance Payments Contract for Existing Housing (PRAC; Second Component) Part I and Part II: HUD will use these contracts at the completion of a RAD conversion of PRAC to PBV, the contract dictates the terms under which housing assistance payments will be made.
• RAD PRAC Approval Letter Template: This document serves as a conditional approval of the request to convert a Section 202 PRAC. It is not part of the current public comment collection; however, it serves as a context for other documents, particularly, the PRAC Conversion Agreement listed below.
• PRAC Conversion Agreement: This document acts as official HUD approval of an Owner’s Conversion Plan and details the terms and conditions of the conversion agreement between HUD and the Owner.
• Elderly Housing Use Agreement: This document sets out affordability and use restrictions for converted projects. HUD will use this document in support of the RAD conversion and the official documentation therein.
• Counsel Opinion (PRAC): These documents provide evidence to HUD that claims made are reliable.

Join the RAD for PRAC Update Call on June 30 at 1 p.m.:

• Join Skype Meeting      
• Trouble Joining? Try Skype Web App
• Join by phone: 240-669-5802 
• Conference ID: 537899