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Congress authorized the Rental Assistance Demonstration (RAD) to create a new tool for public housing agencies to address the backlog of capital repairs in the nation’s public housing stock and to stem the loss of affordable units. Recently, just four years after HUD made its first awards under this program, HUD announced that the program has crossed over 60,000 units and raised a total of $4 billion to rehabilitate and in some cases replace affordable properties from the ground up with new construction.
