On November 13, HUD sent a letter to Executive Directors of Public Housing Agencies notifying them of their options related to the repositioning of their public housing properties. In the letter, HUD discusses the Rental Assistance Demonstration (RAD) Program, new flexibilities for Section 18 demo/dispo, and forthcoming guidance on voluntary conversion and the retention of assets after a Declaration of Trust (DoT) release. HUD notes that the Department is currently encouraging agencies to reposition their public housing properties to help address the significant public housing capital backlog. HUD is not requiring agencies to reposition their public housing properties at this time.
HUD notes that Field Offices plan to reach out to PHAs in the coming months to help agencies “explore repositioning possibilities in [PHA] inventories.” HUD states its goal in contacting agencies is to help ensure PHAs understand their options. HUD plans to make all repositioning resources available on the PIH One-Stop Tool for PHAs (POST).
HUD’s letter can be found here.