October 31, 2017
Tuesday’s Regulatory & Legislative Roundup
- The United States Department of Housing and Urban Development (HUD) continues its efforts to aid the victims of Hurricanes Irma, Maria, and Harvey. HUD recently created administrative and regulatory waivers. Though these waivers are new, current HUD programs are responsible for facilitating these waivers such as the Community Planning and Development (CPD) program.
- The federal Rental Assistance Demonstration (RAD) program, which has allowed for investment of private capital in public housing, has proven to help many lower socio-economic families and individuals. Approximately 62,000 public housing units have either been converted or rehabilitated through the conversion of subsidies and existing housing budgets. Overall, the RAD program has facilitated roughly $4 billion in investments.
