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City applies remaining Faircloth authority to RAD pipeline, seeks HUD rent-augmentation
Summary
The Mayor's Office of Housing and Community Development told the Housing Authority it submitted notice requests to HUD to preserve the city's option to convert 3,667 units of remaining Faircloth authority into Section 8 RAD contracts and to use a limited HUD rent-augmentation pilot that tops RAD rents using HAP reserves.
The Housing Authority heard a presentation from the Mayor's Office of Housing and Community Development on the city's effort to convert unused Faircloth public-housing authority authority into project-based Section 8 contracts through HUD's Rental Assistance Demonstration (RAD). Dan Adams, director of MOHCD, introduced the presentation and William Wilcox, bond program manager, explained the mechanics and constraints.
"We have 3,667 units of remaining fair cloth authority," Wilcox said, describing the stock the city could convert.…
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