Ask a housing authority director what worries them most about a repositioning transaction and the answer is rarely the capital stack. It's the residents. That instinct is correct, and not only for the reasons people expect. Relocation is where deals lose money they didn't budget, lose
Most housing authorities approach this as a fork in the road: convert under RAD, or dispose under Section 18. Pick one. That framing is usually wrong. For substantial rehabilitation, the answer is almost always both — a blend, in some ratio determined by your construction scope. The real questions are what
HUD's Office of Public and Indian Housing issued Notice PIH 2026-23 on August 28, 2026. It amends PIH 2024-40, the notice that has governed public housing demolition and disposition applications since December 2024. It contains several changes that will materially affect which properties can be repositioned
If you run a housing authority, you already know the arithmetic that brought you here. Your Capital Fund allocation covers a fraction of your physical needs assessment. The roofs, the boilers, the plumbing risers — the work you can't get to keeps getting more expensive than the work you
Congress does not often pass significant housing legislation. When it does, it usually passes narrowly, along party lines, and gets unwound two administrations later. That is not what happened this summer. The 21st Century ROAD to Housing Act cleared the Senate 85-5 and the House 358-32, and became