High School Course Selection and Post-Secondary Readiness Overview
This presentation provides valuable information for parents and students of Hightower High School regarding course selection, graduation plans, and post-secondary readiness. It covers academic requirements, credit accumulation, counselor information, and more to assist in planning for a successful high school journey.
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Presentation Transcript
Rental Assistance Demonstration Presentation to TRACS Industry Working Group 4/7/16
Background on RAD The Problem Public housing at risk due to deferred capital repairs caused by a long history of underfunding of the program 10,000-15,000 public housing units lost each year Current needs exceed $25.6B across the portfolio (+$23k per unit) Section 9 platform creates barriers to accessing private capital Multifamily legacy assisted housing properties also at risk A Tool to Start the Solution RAD created in FY12 Appropriations, expanded in FY2015 Preserves at-risk public housing and at-risk legacy properties by targeting the risk issues through conversion to long-term Section 8 Housing Assistance Payment (HAP) contracts 2
RAD Program Structure Mod Rehab (including SRO) Public Housing Rent Supp & RAP RAD for Public Housing 1stComponent 185,000 Unit Cap RAD for Legacy Assisted Housing 2nd Component No-Cap PBRA PBV PBRA PBV Program rules set forth in PIH Notice 2012-32 Rev 2 3
RAD for Public Housing Rent Setting Sample Public Housing Conversion Per Unit Monthly (PUM) $900 $800 $700 Operating Fund $330 Housing Assistance Payment $474 $600 At conversion, PHAs will convert funding to a Section 8 contract rent $500 Capital Fund $144 $792 $400 $300 $200 Tenant Rent $318 Tenant Rent $318 $100 $- Pre-Conversion Post-Conversion 4
Status of RAD 1st Component (Public Housing) 30,115 units have completed conversion $2.1 Billion new investment for rehabilitation/construction Initial awards made up to the 185,000 unit statutory cap Waiting list of 8,000 units has formed RAD Evaluation Interim Report expected in Summer 2016 2nd Component (Rent Supp, RAP, Mod Rehab) 18,000 units preserved 9,500 units in process of conversion 5
RAD FY 17 Budget Requests Eliminate the cap on the public housing units that can convert at no cost Allow Section 202 Project Rental Assistance Contracts (PRACs) to convert under 2nd Component at no cost $50 million for incremental subsidy for public housing and Section 202 PRAC conversions for properties with significant capital needs and high preservation value
Unique RAD 1st Component Provisions Impacting TRACS Funding While 50059 must be submitted starting on the HAP Effective date, funding for the balance of the calendar year continues to flow through public housing appropriations. During this period voucher should be adjusted to $0 Normal voucher processing begins January for the calendar year following conversion Rehab Assistance Payments units that are vacant as a result of initial repairs are eligible for HAP subsidy 7
Unique RAD 1st Component Provisions Impacting TRACS Tenant Rent Phase-In in the event that tenant rents will increase to 30% of AGI as a result of conversion, rents can be phased in Tenants carry over same annual recertification date 8
Unique RAD 2nd Component Provisions Impacting TRACS 90 day grace period for tenant certifications 9
Additional Resources RAD Notice: PIH 2012-32 Rev 2 RAD PBRA Quick Reference Guide (www.hud.gov/rad) 10
Thank you 11
