In its “RADBlast!” email, HUD announced the availability of two Rental Assistance Demonstration (RAD) resources:
- Initial Year Funding Instructions – a document that describes the calculation of funding during the initial year and provides instructions on how to access the funds; and
- Initial Year Funding Tool – a revised and simplified version of the prior tool that “allows PHAs and Project Owners to calculate the amount of revenue that will be available to the project in the Initial Year and ensures that all parties have an accurate understanding of these amounts.”
To access these resources, and others, please go to HUD’s Rental Assistance Demonstration Resource Desk (www.radresource.net) after logging-in and click on the “Document Library” link under “Main Menu Selections.”
Additionally, HUD will hold a live question-and-answer webinar to walk through the revised tool and answer questions that participants may have. The webinar will be held on July 13, 2016 between 3 pm and 4 pm (EST). Registration for the webinar can be found here.