HUD: Relief for RAD Projects Facing Extraordinary Costs
Hot off the presses from HUD: Relief for RAD Projects Facing Extraordinary Costs. Public housing properties converted under RAD receive annual rent increases based on HUD’s Operating Cost Adjustment Factor (OCAF). However, in recent years, rising operating costs have outpaced the standard OCAF, leaving some RAD projects under financial strain. To address this, HUD now …
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