Rental Assistance Demonstration
Evansville, Ind. – The Indiana Housing & Community Development Authority (IHCDA) Thursday approved The Evansville Housing Authority’s application to utilize low-income housing tax credits (LIHTCs) as a key funding component of the Rental Assistance Demonstration (RAD) project.
“We’re very excited about the approval by IHCDA,” said EHA Director Rick Moore. “This allows us to use the tax credits to leverage private funding, as well as other sources of private investments, to perform $17.6 million in needed repairs during Phase 1 of RAD. Just as importantly, this approval helps to ensure ongoing funding for public housing property maintenance and repair.”
RAD is a new, voluntary pilot program designed to renovate and rehabilitate public housing facilities and to put funding for ongoing maintenance on a sustainable footing. Fewer than 60,000 public housing units around the country were selected.
Historically, the primary funding source for public housing has been money allocated by Congress. However, not enough money was allocated to allow public housing authorities across the nation to maintain and improve the properties in which our clients reside. As a result, public housing across the nation has deteriorated; in some cases, badly.
Under RAD, the EHA has received approval to convert 888 units from public housing to project-based rental assistance.
According to Moore, most needed repairs and upgrades are likely to be small, and many, if not most, of the current residents will remain in their current homes. For those units requiring more extensive work, EHA will handle the entire relocation process for the residents—packing, moving, and unpacking—as they are housed in other units.
“I’ve said before, and I want to reiterate, that our priority during this process is the wellbeing of our residents,” said Moore. “Our goal is to protect them and to improve the conditions in which they live. EHA has kept residents informed at every step of this process through face-to-face meetings, the Resident Councils, and a variety of information sources.”
Under the Uniform Relocation Act, public housing residents have a Right of Return to their original facility, unless it needs to be demolished. In that case, they have the Right of Return to the new facility. “We firmly believe in the regulatory requirement that our actions have no adverse impact on our residents,” Moore said.
While the IHCDA approval is a significant step forward, there are many things that have to be accomplished legally before any renovations or improvements begin. It’s anticipated that work will begin in 2015 and continue through 2016.
About The Evansville Housing Authority
The mission of the Evansville Housing Authority, or EHA, is to enhance the Evansville community by creating and sustaining decent, safe, and affordable living environments that foster stability and increase self-sufficiency for people with low incomes.