HUD officials are in a mad scramble to convert the public housing program to a public-private gambit and pay for the result through the Section 8 housing voucher program. The Rental Assistance Demonstration Program is in high gear now that congressional Republicans are behind the effort. The Trump administration persuaded key GOP lawmakers to embrace the concept devised by the Obama administration. But housing experts worry over the lack of safeguards that could threaten program longevity and leave the nation without a cohesive public housing portfolio. The nation now has more than 1.1 million units of public housing. RAD program officials, largely Obama administration holdovers, issued a flurry of notices over the July 4 holiday period to implement the FY 2018 appropriations act that increased the number of conversions to subsidized private housing to nearly half of the nation’s entire public housing portfolio. National Program At the same time, nearly 5 million families hold Section 8 vouchers, about 2.1 million with portable vouchers and 2.7 million in private housing under contract to HUD. HUD under Secretary Shaun Donovan turned to RAD development when lawmakers rejected the agency’s first approach to make Section 8 a national rental housing program as single-payer rental housing platform that could help l [...]
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7/13/18 6:05 PM