HUD Seeking Feedback on Draft Section 202 PRAC RAD Conversion Guidance
Last year, Congress authorized conversions of properties currently assisted by Section 202 Project Rental Assistance Contracts (PRAC) to project-based vouchers (PBV) or project-based rental assistance (PBRA) under HUD’s Rental Assistance Demonstration (RAD) program. On February 26, 2019, HUD posted draft implementation guidance for such “RAD-for-PRAC” conversions (Draft Guidance) and requested public feedback by March 12th.
For a PDF of the entire alert, click here.
UPDATE:: Klein Hornig LLP provided comments on the draft implementation guidance on March 12, 2019. To view the comments, click here
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