D3G CEO Robert Hazelton shares his thoughts on industrialized housing in the Evidence Matters Newsletter
“…As Robert Hazelton, chief executive officer of Dominion Due Diligence Group, puts it, “Industrialized housing savings are not only in the hard construction costs but also in the monetization of a more efficient construction timeframe, including less construction interest, less construction waste, and [an] increased absorption rate.”
RAD
Rental Assistance Demonstration, or RAD, is a voluntary program that falls under the Department of Housing and Urban Development (HUD). The purpose of RAD is to “preserve public housing by providing Public Housing Agencies (PHAs) with access to more stable funding to make needed improvements to properties,” states hud.gov. It’s estimated that public housing units country-wide need more than $26 billion in repairs. These repairs are referred to as ‘capital needs’, which the government defines as any cost of repairs and replacements beyond ordinary maintenance required to make housing decent and economically sustainable.
Popular Industry Acronyms
Acronyms are helpful for quickly and effectively spreading your message… as long as you know what they mean! D3G is here to help you break down the acronyms of the public housing industry.