HUD has published the third revision of the RAD Notice (PIH 2012-32 / H 2017-03 Rev 3). According to a RADBlast email, the notice makes the following changes:
First Component – the revisions “simplify certain program requirements, create new flexibilities . . . and strengthen tenant rights.”
Second Component – the revisions “improve the rent-setting options available to owners.”
HUD has created a “blackline version” which tracks the changes made from Revision 2 to Revision 3. NAHRO will provide additional information in the coming days as we delve deeper into the notice.
The Third Revision of the RAD Notice can be found here.
The “Blackline Version” which tracks changes from the previous notice can be found here.