Klein Hornig Housing Alert – March 2019

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 On February 26, 2019, HUD posted draft implementation guidance for such “RAD-for-PRAC” conversions (Draft Guidance) and requested public feedback by March 12th.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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