Novogradac & Company Llp

March 28, 2023: HUD Budget Concerns Prompt PHAs to Consider Proactive Repositioning Strategies

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Synopsis

Due to uncertainty about U.S. Department of Housing and Urban Development funding levels each year, a growing number of public housing authorities (PHAs) are exploring asset repositioning options for their public housing stock. Michael Novogradac, CPA, and Novogradac partner Rich Larsen, CPA, discuss five common asset repositioning options, including the Rental Assistance Demonstration (RAD) program, RAD with Section 18 blends, streamlined voluntary conversions, homeownership and maintaining the status quo. Learn about the benefits and challenges of each option.