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HUD recently released an Interim Report: Evaluation of HUD’s Rental Assistance Demonstration (RAD), which found that “RAD has been extremely successful in attracting capital to help stabilize affordable housing developments.” The research, performed by Econometrica Inc., provided evidence that the program is on track to accomplish its goal of attracting substantial new capital to stabilize the physical and financial conditions of public housing properties, significantly improving housing conditions for low-income residents.
