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Bloomington Housing Authority director outlines RAD conversions, housing projects and funding needs
Summary
Nathan Ferreira, executive director of the Bloomington Housing Authority, briefed the council on recent Rental Assistance Demonstration (RAD) closings, voucher and program statistics, Summit Hill projects and funding gaps including a paused landlord risk mitigation account.
Nathan Ferreira, executive director of the Bloomington Housing Authority, presented an overview of the authority's recent activities and funding at the Sept. 17 Bloomington Common Council meeting, citing changes to property ownership through RAD, demand for vouchers, and several local development projects.
Ferreira said the authority closed a second RAD conversion in April, which converted public housing properties (Walnut Woods, Reverend Butler and Crestmont) to investor-backed ownership under the RAD structure. He said the authority now administers about 1,721 Housing Choice Vouchers serving roughly 3,400 people and that wait lists remain long.
Ferreira described programs and projects the authority is pursuing or operating: resident services and family self-sufficiency programs (about 80 participants), the Ross program for service…
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