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Blue Earth County board authorizes HUD submission for public housing RAD conversion
Summary
County staff presented a financing plan to convert public housing units under HUD's RAD Section 18 and the board approved a resolution authorizing submission of the plan to HUD. Officials said residents would retain their rights to remain and program revenues would be stabilized.
Nancy, the housing staff member, told the board the county is in the first phase of repositioning public housing and that 19 units will convert on Sept. 1 while a financing plan covers the remaining 56 units under a RAD Section 18 conversion. "The rents can be set at 110% of the fair market rents," Nancy said, noting public housing rents had…
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