The Rental Assistance Demonstration (RAD), authorized by Congress in 2012, enables public housing authorities (PHAs) to convert their public housing stock to project-based Section 8 housing, using either Project-Based Vouchers (PBVs) or Project-Based Rental Assistance (PBRA) contracts. This alternative funding structure is meant to address both the short-term capital needs of public housing properties and their longer-term preservation, revitalization, and financial viability.

This report is part of five studies conducted in response to Congress’s request to evaluate RAD’s implementation and its impact on tenants, related protections, and long-term preservation of housing affordability. This study assesses and describes asset management practices at RAD-converted properties based on the responses to a census of PHAs with RAD conversions, administrative and financial data provided by the U.S. Department of Housing and Urban Development (HUD), and interviews with PHA and HUD staff, affordable housing asset managers, and other subject matter experts.

Below is a list of the studies conducted as part of the RAD evaluation:

• Asset Management of RAD-Converted Properties
• Implementation and Impact of the Choice Mobility Option
• Rental Affordability
• Organizational Change of Public Housing Agencies