LeadingAge Submits Recommendations to HUD for Implementation of "RAD for PRAC"
On June 19th, LeadingAge National submitted recommendations to the U.S. Department of Housing and Urban Development (HUD) for the implementation of “RAD for PRAC.” RAD for PRAC, or the expansion of the Rental Assistance Demonstration (RAD) to include post-1990 Section 202 Project Rental Assistance Contract (PRAC) properties, has been a priority of LeadingAge since 2015. In 2018, RAD for PRAC became law, and HUD is currently developing guidance that would allow PRACs to convert their subsidies to Section 8, allowing them to take on debt or leverage external financing to address growing capital needs. LeadingAge has been working with HUD, LeadingAge members, and various stakeholders to develop recommendations for the implementation of RAD for PRAC ahead of the anticipated release of guidance this fall.
LeadingAge’s recommendations to HUD focus on the preservation of the age distinct and service enriched aspects of the program and maintaining long-term affordability for these properties post-conversion. LeadingAge argues that service coordination must be preserved and adequately funded to stay true to the originating purpose of the 202 PRAC program, and that non-profit sponsorship of these properties is a key element of the program that must be extended as part of any RAD conversion.
You may view LeadingAge’s recommendations to HUD in full here, and further information about the implementation of RAD for PRAC is available here. If you have any suggestions for HUD as they develop guidance for the implementation of this program, you may send them in writing to RAD2@hud.gov.
Contact: Sara Neitzel, firstname.lastname@example.org, 518-867-8835