Mayor Carlos A. Gimenez Announces RAD
Transforming Subsidized Housing
Miami-Dade County Mayor Carlos A. Gimenez announces that the United States Department of Housing and Urban Development (HUD) has approved a countywide portfolio application to transform public housing developments using HUD's Rental Assistance Demonstration (RAD) program.
RAD seeks to preserve public housing properties by providing PHCD with access to more stable funding for redevelopment or major rehabilitation of public housing properties. A total of 6,426 public housing units will be transformed under the RAD program with another 6,000 to 10,000 affordable and/or workforce units to be built using a mixed-income development approach of underutilized existing properties.
Joining Mayor Gimenez in this announcement will be Ms. Denise Cleveland-Leggett, Regional Administrator for HUD, Region IV, and Ms. Katherine Fernandez-Rundle, Miami-Dade State Attorney.
"RAD is nothing short of a game changer for public, affordable and workforce housing in Miami-Dade County," said Mayor Gimenez. "We are grateful that HUD has approved this innovative funding model for Miami-Dade to be able to accelerate and expand housing opportunities for our residents."