What are the benefits of RAD conversion?

Posted by newcambridge_admin on

The switch from the public housing to the RAD Section 8 Project-Based subsidy program will allow CHA to tap resources that don’t exist, or would not work in traditional public housing. CHA’s MTW flexibility combined with RAD attracts significant private funding, the ability to take on mortgages and the use of tax credits. With this boost of private funds, CHA plans to renovate and restore the majority of its properties, some of which have been in long disrepair, keeping them viable and most importantly affordable.