HUD posted their new "RAD Physical Condition Assessment Guide” yesterday. Thirteen pages of good reading. The big take-away is in the RPCA Lessons Learned section on page 8. They even put it in bold for us, “There is no substitute for an experienced, qualified RPCA Contractor.”
There are also a few nuggets of processing news. Two of the important ones are on page 2:
(a) “Public housing built within the last 5 years without FHA financing” do not require an RPCA; and
(b) the RPCA narrative report can be waived on not only Gut Rehabilitation, but also non-FHA LIHTC projects.
Excellent changes. Also, another important note on a quality RPCA is included on Page 4 of the document:
“An inexperienced RPCA Contractor costs everyone time, frustration, and money, and may jeopardize HUD milestone compliance for even project feasibility.”
This statement by HUD makes our 26,000 units of RAD conversion experience invaluable to public housing organizations.
Use the link below to read the RAD Physical Condition Assessment Guide in its entirety.
HUDs RPCA Guide