News & Events

February 4, 2013: HOUSING AUTHORITY DESIGNATED FOR RENTAL ASSISTANCE DEMONTRATION (RAD)

The Roswell Housing Authority has been designated by HUD as one of the initial sixty-eight (68) public housing authorities’ in the country to be part of the RAD initiative. This designation will convert the 103 public housing units in the housing inventory to Project Based Rental Assistance. The program eliminates the Declarations of Trust on HUD acquired lands and allows the authority to leverage financing by borrowing against assets to facilitate rehabilitation and demolition with new construction in a mixed income approach. The program allows the subsidized units to be interspersed with other affordable units and market rate units, not concentrated in one location.

This designation will foster redevelopment of housing authority owned properties in concert with the revitalization of the Grove Way neighborhood.

 

 

 

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