EHA Among First in Nation To Undergo RAD Conversion
Evansville, Indiana was one of the rst cities in the nation selected by HUD to participate in renovating the rst 60,000 public housing units in the country through the new RAD (Rental Assistance Demonstration) Project. It was also the rst city in Indiana to close on RAD nancing and begin construction.
In June, 2016, EHA kicked o its $18.2 million Phase 1 RAD refurbishment project, to a ect 62 percent of its 888 public housing units. Completion of Phase 1 improvements is expected by June 30, 2017. Phase 2 refurbishments and updates totaling $13.5 million will begin later in 2016 with a projected completion date in late 2017.
RAD Journey Began in 2014
The Indiana Housing & Community Development Authority (IHCDA) approved EHA’s application to utilize low-income housing tax credits in December, 2014. From there it took a great deal of collaboration and perseverance to complete the paperwork and meet strict RAD application requirements. EHA closed on HUD Issuance and Execution of the RAD Conversion in early spring, 2016, and public housing improvements got under way several weeks later.