What is RAD?
Public Housing Agencies (PHA) use the Rental Assistance Demonstration (RAD) Program to preserve affordable housing and improve properties by “converting” their form of federal assistance to the Section 8 program. MH Homes will be a Section 8 Project-Based Voucher (PBV) community.
Project Based Vouchers (PBVs) attaches a long-term rental assistance to properties, so current and future residents never pay more than 30% of their adjusted gross income (total income minus allowable deductions) in rent. After a property converts to Project Based Vouchers (PBV), your public housing lease ends and you will sign a Section 8 lease with the “owner” who in this case will continue to be the Memphis Housing Authority (MHA). You will still have the same core rights that you have as a public housing tenant but will also gain new rights and protections under RAD.