Authority says RAD conversion moving forward; resident meetings set for September
Summary
Executive Director Jedediah Jackson said the authority will request a HUD concept call this week as part of the RAD Section 18 conversion, has completed environmental reviews and plans resident meetings starting Sept. 8; one property (Bouti) may need a waiver.
Executive Director Jedediah Jackson told the board the authority is advancing its RAD Section 18 conversion: financing-plan materials have been uploaded to the RAD Resource Desk and staff will request a HUD concept call prior to final financing-plan submission.
Jackson said environmental reviews are complete and are being uploaded to EPIC, though one property (Bouti) may be challenging and could require a waiver. He said the authority is coordinating with partners — including Standard and Gibson Consulting — and with the Louisiana Housing Corporation for tax-credit applications and approval processes. Resident meetings are scheduled to begin Sept. 8 so tenants can be informed about timelines and the relocation/voucher process.
"We will be submitting this week, to HUD to request the concept call, which is the step prior to the final financing plan submittal," Jackson said. He added the plan is to complete a final financing-plan submission by October and to file tax-credit applications in January with partners on the project.
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