A federal program could help transform public housing in New York City. The U.S. Housing and Urban Development’s Rental Assistance Demonstration program (also known as RAD), has rare bipartisan backing, Bloomberg reported. RAD is revenue-neutral becausemoney for the Section 8 vouchers comes from funds allocated for traditional municipal housing authority subsidies. The program has helped developers of Far Rockaway’s Bayside homes use $560 million in private and government funds to revamp the 33-acre, 1,395-unit campus. […]
source https://therealdeal.com/2018/08/02/heres-how-a-federal-program-could-help-revamp-public-housing/
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