RAD Program Awards Dollars to CMHA for Cedar Extension Revitalization
The Assistant Secretary of the U.S. Department of Housing and Urban Development (HUD), Sandra Henriquez, visited Cuyahoga Metropolitan Housing Authority (CMHA)’s Cedar Extension on Thursday, January 10. Henriquez and community leaders held a roundtable discussion to talk about the Rental Assistance Demonstration (RAD) Program. CMHA was awarded three RAD grants, totaling $17 million for construction at three public housing projects, one of which was earmarked for the Cedar Central area redevelopment. The awards were part of a national pilot program meant to leverage federal dollars with private investment.
“Secretary Donovan and I congratulate CMHA on its continued leadership in public housing, development, management, and providing the best possible housing for residents,” said Henriquez.
HUD has opened up the application process for the RAD program, which allows Public Housing Authorities (PHA) to convert portions of their public housing stock into Project Based Section 8. The goal of the program is to enable the PHA to leverage private financing sources in order to make capital improvements to the estate.
“CMHA is pleased that HUD has provided us with an opportunity to address some of the affordable housing needs of our residents in this community,” said CMHA CEO Jeffery K. Patterson.
CMHA is seeking to utilize the RAD program for Phase II of its Cedar Extension revitalization efforts. While this project is still in the planning phase and is subject to change, CMHA is currently considering building a 60-unit mid-rise apartment building during this phase. If the Authority’s application is accepted, CMHA will be eligible to apply for additional sources of funding, such as FHA loans leveraged with Low Income Housing Tax Credits. CMHA was notified at the end of December that the agency is the recipient of the RAD funding for phase II.
“It was exciting to be a part of the conversations and dialogue for Cedar and picturing what it will look like in the future. I love that we as residents are involved and can’t wait to see the growth and development in our neighborhood,” said Delores Gray, local advisory council president of Cedar Extension. “We are thrilled to work together and build these partnerships in the community.”
Cortney Kilbury is the Marketing Director at the Cuyahoga Metropolitan Housing Authority. She is responsible for planning and executive marketing initiatives to build positive awareness for CMHA.