Description
Repositioning is the most significant change to the public housing program since its creation in 1937 — and for small and very small PHAs, it looks very different than it does for a large agency. HUD has carved out special rules, streamlined processing, and blend options specifically for agencies of this size. Knowing which of those paths fits your properties is the hard part.
NCHM's Repositioning for Small and Very Small PHAs webinar is built for exactly that audience. Led by Greg Byrne, who directed HUD's Affordable Housing Transaction Division for eleven years and drafted much of the guidance for the RAD program, this session walks through the conversion options available to agencies with 250 or fewer units and the considerations that should drive the choice among them.
In this session, we will cover:
- What repositioning is, and why PHAs convert to Section 8
- The three conversion paths — RAD, Section 18, and RAD/Section 18 blends — and which are most applicable at your size
- How to classify your inventory and set a goal for each property before selecting a path
- Why the financing strategy is a separate decision from the repositioning option
- What conversion actually means for your board, your staff, your residents, and your status as a PHA
- What to do if your agency does not administer a voucher program
The session closes with five real conversions — from a 24-unit agency in Arkansas to a 169-unit blend transaction in New Hampshire — and time for your questions.