RAD PIH Notice 2012-32 (.pdf, 1 MB) - National Low Income ...

Section II: Moderate Rehabilitation Projects2.2.7 Resident Notification and ConsultationThe owner is required to notify residents in writing of its intent to convert assistance underSection 2.2 of this Notice. The owner must conduct a resident meeting with all impactedresidents and provide the residents with an opportunity to comment on the conversion. Inaccordance with 24 CFR § 8.6, Title VI, Executive Order 13166 and HUD’s Limited EnglishProficiency Guidance, published in the Federal Register on February 16, 2007 (72 FR 2732), themeetings and materials should include accessible communications for persons with disabilitiesand language assistance to persons with limited English proficiency. Owners must provide acertification in the application that they have held the required meeting with residents and haveprovided residents with a reasonable time period to submit comments on the conversion. Theowner’s application for conversion must include all comments received from residents. Theowner must also provide a description of how the residents’ comments will be addressed in theirplan for conversion. Upon conversion approval, the owner must notify each affected family thatthe project has been approved.2.2.8 Application RequirementsA. General Requirements. All applicants must complete the Microsoft Excel-based RADApplication, which HUD will make available on the RAD website (www.hud.gov/rad),along with all other required submittals. 84 The RAD Application will require the applicant toinput proposed data related to the long-term physical and financial feasibility of the projectand other conversion-related items. For an application to be complete, user inputs must meetany applicable thresholds embedded and described in the Application.Upon completion of required entries, the owner will be able to generate a number of keyexhibits, including a financing pro-forma for the project. The purpose of the pro-forma is toensure that the owner has sufficiently considered the long-term preservation needs of theproperty and the means by which those needs will be financed. In completing the financingpro-forma, the owner must identify likely sources of debt and/or equity financing.The applicant must submit the following with their RAD Application, where applicable:83 This provision is included to clarify existing requirements for PHAs that own PBRA-assisted projects throughSingle Asset Entities. Such owners are considered reporting entities under 24 CFR 5.801 (a)(3) and (a)(4).84 The release date of the RAD Application will be subject to PRA approval.PIH-2012-32 (HA) Rental Assistance Demonstration – Final Implementation 95