Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Housing authority updates council on RAD conversion and Walton Trail development
Summary
The Villa Rica Housing Authority told the mayor and council Aug. 5 that its Rental Assistance Demonstration conversion and a public-private partnership with Walton Communities have produced new housing at Walton Trail, while the authority continues to maintain older public-housing properties and has no immediate plan to consolidate all units into Walton.
The Villa Rica Housing Authority gave a progress update on planned and completed work to its public housing portfolio and the Walton Trail development at the council's Aug. 5 work session. Executive Director (Housing Authority) described the authority's 2019 entry into HUD's Rental Assistance Demonstration, explained how RAD converted the authority's operating subsidy, rents and capital funds into a HAP contract, and said that the contract amount increases annually. Walton Communities representatives described construction progress on Walton Trail Phase 1 and the family-focused Phase 2.
Why it matters: The RAD conversion and the Walton partnership shift public housing from the old public-housing model to HUD multifamily contracts and tax-credit-backed development. That affects long-term funding streams for operating and capital needs, and it changes the options the authority can use to preserve and expand affordable housing.
The housing authority's executive director told council that the authority…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
