The Consolidated Appropriations Act, 2018 or the omnibus spending bill brought some good news for the affordable housing community. The bill increased HUD funding, Rental Assistance Demonstration (RAD) unit caps and Low-Income Housing Tax Credit (LIHTC) allocations.
The recent National Low Income Housing Coalition report highlighted the need for affordable housing in America through its report, revealing a shortage of 7.2 million affordable homes for extremely low-income renters. The RAD program is seen as an instrument to address this shortage.
With the federal government extending the RAD program by another four years and increasing the cap by 455,000 units, it looks like an encouraging move for providers and advocates of affordable housing. The RAD however has undergone various changes and it’s overly reliant on LIHTC – half of all RADs are financed through LIHTC equity.
Join us to learn more of such insider knowledge and guidance with affordable housing veteran, Paul Flogstad, in this informative webinar. Understand how Rental Assistance Demonstration (RAD) and Low-Income Housing Tax Credit (LIHTC) can be used to improve affordable housing communities. Paul will touch open various topics that are extremely important to those in the affordable housing space.
- Overview of LIHTC
- Overview of RAD
- Impact of tax reforms on affordable housing
- What to expect in the new congress session
- Changes made in the omnibus spending bill and its impact on the affordable housing community
- Increase in HUD funding
- Best practices for managing RAD debt and equity
- Compliance best practices
- Current state of LIHTC equity market and emerging trends for 2019
Who Will Benefit:
- All in the affordable housing community
- Affordable housing leaders
- Public housing executives