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Upcoming HUD Rental Assistance Demonstration Events

The HUD Rental Assistance Demonstration (RAD) team is conducting some upcoming events in the next month (August 17- September 17, 2012) throughout the country.  For any questions about the events email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it and check the RAD website, www.hud.gov/rad frequently for further updates.

1. RAD Forum - San Francisco, California
Friday, August 17 -- 1:30-3:00 pm


Join HUD staff, public housing agencies, eligible property owners, lenders, and other interested stakeholders for this timely information exchange to assess whether RAD could be a resource to financially reposition your properties.

Location:
HUD Region IX Office
600 Harrison Street, 3rd Floor
San Francisco, CA

Please RSVP to Virginia Garrigan at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .


2. Implementing RAD Webinar: New Preservation Tools for Communities
Wednesday, August 22 -- 1:30-2:30 pm EST

The Local Initiatives Support Corporation (LISC), in conjunction with HUD, invites you to a webinar on HUD's new RAD program. Join HUD staff and affordable housing stakeholders for a discussion of how RAD can be implemented to preserve the affordable housing stock in your community.

For more information and to register, go to https://cc.readytalk.com/cc/s/showReg?udc=iid0qos8m06x.  This event is open to the public.


3. RAD Forum – Washington, DC
Thursday, August 23 -- 2:00-4:00 pm


Join HUD senior staff, PHAs, owners, lenders, investors, and other interested practitioners and stakeholders at HUD Headquarters on August 23, 2012 for a panel discussion and Q&A session oriented to executing RAD conversions of assistance for public housing, Rent Supp, RAP, and Mod Rehab properties. If you are unable to attend in person, join us online through the live webcast available on the RAD website www.hud.gov/rad.

Location:
HUD Headquarters 451 7th St. SW
Brooke-Mondale Auditorium
Washington, DC

Register at http://hwvauwt847.hud.gov/emarc/index.cfm?fuseaction=emar.registerEvent&eventId=1462&update=N. Please register by August 21th as seating is limited.


4. Region IV Mixed-Finance/RAD Workshop - Panama City, Florida
Wednesday, August 29 1:00 pm - Thursday, August 30 5:00 pm
 
The Southeast PIH Network, in conjunction with Enterprise Community Partners (ECP) and Alabama Association of Housing and Redevelopment Authorities, is hosting a Mixed Finance and Rental Assistance Demonstration (RAD) Workshop for public housing agencies, modernization coordinators, engineers and architects, and affordable housing industry partners. The first day of the Mixed Finance and RAD Workshop will focus on Real Estate Finance for beginners and Tax Credit 101 for PHAs. The first day will also have a session for PHAs on how to negotiate a development partnership. The second day is targeted for PHAs, developers, and finance partners and will focus on leveraging HUD and other resources, RAD Notice PIH-2012-18, acquiring 4% and 9% tax credit financing, and packaging Public Housing deals with detailed examples using different partnership structures and varied financing options. Registration is free but each participant will need to register. Seating is limited. This event is targeted for Public Housing Agencies Staff, PHA Commissioners, Developers, PHA Modernization Coordinators, Enterprise Community Partners, and private organizations that provide financial related services and products.

Location:
Edgewater Conference Center
11212 Front Beach Road
Panama City, FL 32407
Phone: (855) 874-8686

Register at http://www.hud.gov/emarc/index.cfm?fuseaction=emar.addRegisterEvent&eventId=1387&update=N.  Seating is limited.


5. Making a RAD Deal Work - Chicago, Illinois
Thursday, September 6 12:00 pm - Friday, September 7 12:30 pm
 
Join HUD staff, CLPHA, Enterprise Community Investment, Inc., and the National Equity Fund, Inc. for a training workshop for housing authorities interested in applying for RAD. The workshop will include time to discuss individual deals with lenders, syndicators, and HUD. Topics that will be covered include: assessing your portfolio; choosing your development team; legal/organizational structures of the ownership entity; laying the groundwork for financing; financing options; and other sources of financing. Housing authorities with all levels of experience in owning, developing or managing public and affordable housing are welcome to join with financing experts in this two-day workshop. There will be a reception for all workshop attendees on Thursday evening.

Location:
120 S. Riverside Plaza, 18th Floor
Chicago, IL

For more information visit http://www.clpha.org/rad_training.  Register by visiting http://www.clpha.org/survey/RAD by Friday, August 31. Registration is free for housing authorities.


6. Kentucky Housing Association Annual Conference -- Louisville, Kentucky
Monday, September 17 -- 1:30-4:00 pm
 
Greg Byrne of HUD HQ will give updates on the RAD conversion request process, the competitive housing authority application process, and other topics in the first round of RAD conversions.

Location:
Louisville Marriott Downtown
280 West Jefferson Street
Louisville, KY

Register by visiting http://www.kyhousingassn.com/2012%20Registration%20Form.pdf.

 
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Tax Credit Percentages

For November 2014:
9%: 7.55 4%: 3.24

   

  • Previous Month's Credits

    The IRS publishes monthly credit percentages that apply to low-income housing tax credit buildings placed in service that month.  There are two rates:  the 70% present value credit (PVC) and the 30% present value credit.  The maximum 70% rate is available for low-income new construction and substantial rehabilitation expendiretures that are not federally subsidized.  The maximum 30% rate applies to acquisition expenditures and to federally subsidized low-income new construction or substantial rehabilitation expenditures.

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The 2015 Midyear Meeting will be held January 26-28, 2015, at Loews Don CeSar Hotel in St. Pete Beach, Florida.