The Department of Housing and Urban Development (HUD) has plans to preserve and improve critically needed affordable housing for low-income seniors.
HUD will significantly expand its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through HUD's Section 202 Supportive Housing for the Elderly Project Rental Assistance Contracts (PRAC).
Read on for more details from HUD Secretary Ben Carson and Federal Housing Commissioner Brian Montgomery.
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