What is RAD?
Ask The Experts
Rental Assistance Demonstration (RAD)
The Rental Assistance Demonstration program was created to help PHA’s preserve and improve public housing properties. By allowing PHA’s to leverage public and private debt and equity, they’re able to reinvest in the public housing stock and make needed renovations.
Gives HUD’s “legacy” programs, which includes Rent Supplement, Rental Assistance Payment, and Section 8 Moderate Rehabilitation, the option to enter into long-term contracts that will allow for the financing of needed improvements.
Residents will maintain the rights they possessed in the public housing program, in addition to the protections under RAD. Prior to, and during conversion, residents maintain their claim to the property, and will be provided relocation protection if they must temporarily leave the premise due to construction.
San Francisco Housing Authority - Entire Portfolio
Through a combination of HUD RAD and Section 18 Demolition/Disposition programs, greater than 8,000 units of low-income housing in 33 properties have been preserved. D3G worked with four (4) different development teams to bring this inspiring transformation to fruition.
Ready to find out more?
Drop us a line today for a free quote!
"Love Funding has been working with Dominion Due Diligence Group for over 20 years. D3G is on the front lines with lenders and HUD, helping to work through due diligence related issues as well as creative solutions designed to better measure risk. D3G’s commitment to this industry is unmatched and Love Funding looks forward to many more years together as business partners."
Jon Camps ( President, Love Funding )
"I have been working with Dominion Due Diligence for over 15 years, and they consistently deliver excellent service. Their team has deep industry knowledge and an excellent reputation with HUD. I know that when I get a report from Dominion, they will stand behind their work, and they always work to identify creative solutions."
Ken Buchanan ( Director of FHA Underwriting, Walker & Dunlop )
"We have been working with Dominion Due Diligence Group (D3G) for over 2 decades and their knowledge in our industry goes above and beyond. D3G continues to find creative solutions and keep us ahead of the affordable housing curve due to their proactive approach and deep understanding of the HUD regulations."
Trever Smith ( Managing Director, FHA Chief Underwriter, ORIX Real Estate Capital )
“Daily Planet Health Services' programs provide a clean and safe environment, healthy meals, and integrated care so that residents can focus on their well-being. By participating in our ‘Stock the Pantry Shelves’ food drive, D3G is helping to connect the dots for those in need in our community. We are so thankful for this partnership!”
Daily Planet Health & Services ( Homelessness & Shelter )
“Huge thanks to the D3G for bringing smiles to so many faces at our Child Advocacy Centers. The art canvases your employees made are now displayed in the main children’s playroom in our Henrico CAC and makes the space feel welcoming and full of love. We really appreciate the generosity and time that D3G provided for these families."
Greater Richmond SCAN ( Stop Child Abuse Now )
“I’m really glad that D3G provides volunteer opportunities. I’m often busy and have trouble finding meaningful ways to contribute to the community. A couple Saturdays spent picking up trash along the river or clearing old grave sites in historic Evergreen Cemetery has been fun and uplifting. You quickly see that every bit of help makes a difference."
Michael Binns ( Engineering Project Manager )
“Working with Enrichmond to restore the distressed Historic Evergreen Cemetery was an incredibly unique and rewarding experience. In dedicating just a few hours of our time, we helped to celebrate the lives and legacies of generations of Richmond residents and their families."
Ben Plunkett ( RFP Specialist )
"My experience with the Community Engagement Committee has been an all-around positive one. I have been able to connect with various community organizations and their members to organize and partake in volunteer events. Volunteerism is a passion of mine, and I’m grateful that D3G is just as passionate about giving back and allowing me to take on such an active role. I am excited for the future of the committee, including the addition of new employees and more opportunities to show our gratitude and share our time!"
Lexi Tilot ( Environmental Project Manager )
"I’ve worked closely with D3G throughout my 12-year career in FHA underwriting with Walker & Dunlop and have the utmost confidence in their ability to guide us and our clients through routine and unique issues. I trust my D3G counterparts as industry experts in their respective fields. Their ability to stay current and educate us on the evolving industry has led to effective, established, and reoccurring partnerships with Walker & Dunlop."
Matt Stanley ( SVP & Chief Underwriter, Walker & Dunlop )
"D3G is still my first choice. I’ve had only great experiences with D3G; they are very knowledgeable about rare issues, good at brainstorming, and guide the best approach with HUD. If I really need something, I can pick up the phone, and it will get done. I highly recommend D3G to others. You truly get what you pay for. I appreciate all their knowledge and guidance."
Lena Nepryntseva ( Senior FHA Underwriter, Northmarq )
Rob Talks Rad
Owner and CEO, Rob Hazelton, explains RAD and the importance it plays in the revitalization of public housing and surrounding communities.
Why D3G
D3G’s 25 years of experience with FHA mortgage insurance, Section 8 PBRA/PBVA, Section 9, Senior Housing Restructure, LIHTC, and mixed-financing real estate inspection and due diligence serves RAD transactions very well. D3G has the technical affordable housing expertise to guide PHA’s on financing options, and each of our Subject Matter Experts (SME’s) remains at the forefront of the housing industry trends. We can assist with the complex decisions of property transformation and know how best to make RAD work by using the tailored financing options available.