The Rental Assistance Demonstration (RAD) is a powerful tool that allows public housing authorities (PHAs) to preserve and improve public housing properties and address the backlog of deferred maintenance, but only a few Wisconsin PHAs have utilized this financing option. There is currently space available under the RAD 445,000 unit cap, so now is the time to understand how RAD may benefit your organization.
This new event is designed for PHA leaders new and experienced with RAD, register today.
9:15 – 10:30 a.m. RAD basics overview/update
Speakers: Jenn Krieher, Dominium Due Diligence Group and Don Bernards, Baker Tilly
Brush up on the basics of the RAD program, including its history, the current status of the industry, potential benefits of converting, the process to apply and the process to get to the conversion. Hot topics including current rent levels and developer fee calculations will also be discussed. Our session will make sure you’re up to date on all things RAD!
10:30 – 10:45 a.m. Break
10:45 – 11:45 a.m. Approach to RAD
Speakers: Rebecca Gundrum, Slinger Housing Authority, Executive Director and Chris Tritsis, Baker Tilly
As you are considering RAD, what are the steps to begin the process? We will discuss reviewing various characteristics of your housing portfolio, including physical needs, CFFP or EPC loans and current financial operations. The session will also discuss the role of your housing authority in the RAD and the development process.
11:45 a.m. – 12:30 p.m. Lunch served
12:30 – 1:30 p.m. Financing your RAD project
Speakers: Kaitlin Scopoline, Baker Tilly and Brian Robinson, National Affordable Housing Trust
The financing package for a RAD deal is based primarily on physical needs. Our session of specialists will discuss a balance of debt, tax credits and other soft sources of financing as well as strategies around items such as appraisals and land leases.
1:30 – 1:45 p.m. Break
1:45 – 2:30p.m. Utilizing Low-Income Housing Tax Credits
Speakers: Bill Boerigter, Baker Tilly and WHEDA senior underwriter
Building on the earlier “Financing your RAD project” topic, this session will go deeper into the mechanics, timing, process and other key factors to a successful 4% or 9% low-income housing tax credit project. Also, we will explore the overlay of RAD with low-income housing tax credits.