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Improving Public Housing Facilities through EPC and RAD Funding
Insights from the National Association of Housing and Redevelopment Officials Conference

Mary Fox, Director of Public Housing

 

A safe, comfortable, and livable home should be available to everyone. Unfortunately, a continued reduction in capital funding for public housing means that residents oftentimes have to deal with deteriorating living conditions, and residency in unsafe buildings with less than ideal environments.

 
To help combat financing issues, housing authorities are turning to HUD’s Rental Assistance Demonstration (RAD) program, which allows Public Housing Authorities (PHAs) and owners to convert the financial assistance made available to at-risk properties into long-term Section 8 contracts. By taking this approach, PHAs may leverage the private capital markets to make much needed capital improvements which would in turn allow the government to stabilize their budget. With the necessary funds in place, PHAs and developers can make the essential investments in infrastructure, HVAC, renewables, lighting, water, and fire and life safety, to improve living quality for low-income individuals, the elderly, and families residing in public housing facilities. 
 
NAHRO

I recently attended the 2017 NAHRO Conference and Exhibition where the topic of RAD was discussed at length. RAD provides PHAs and developers with additional financing options as it relates to technology implementation and infrastructure upgrades. While more options may seem overwhelming, entering into either a Public Private Partnership (P3) or an Energy Performance Contract (EPC) with an energy service company (ESCO) like Johnson Controls can help streamline the decision-making process, and ensure the right investments are translating into long-term results as well as ongoing utility savings. 

 

Contact us at 888-211-9008, and learn about how EPC and P3 can improve public housing.

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