HUD Rental Assistance Demonstration (RAD) Program awards made it possible for the GRHC to convert 300 agency-owned housing units from the Low-Income Public Housing Program to Section 8 Project-Based Program housing. Conversion provides 20-year contracts that are compatible with the federal Low-Income Housing Tax Credit (LIHTC) Program, making it possible for the GRHC to attract the funding that will enable us to undertake much-needed capital improvement projects.
The conversion of 92 units at Campau Commons Apartments was finalized last year; $100,000 in improvements have since been completed, including parking lot repaving, concrete repairs and energy conservation enhancements.
Twenty Scattered Sites units are currently moving through the conversion process, with required environmental assessments underway; we anticipate that conversion will be finalized this year.The GRHC continues to seek the funding needed to convert 188 units at Adams Park Apartments under the RAD Program. Applications for a total of $3.4 million in LIHTC are being submitted to fund the following projects at the development, which serves disabled adults and seniors ages 62 and older:
Improvements will get underway when the necessary funding is in place.
No planned improvements will require displacing residents from their homes.
The GRHC is seeking $1.8 million in LIHTC to fund needed improvements at Hope Community, a rapid re-housing facility that serves homeless women and their minor children. Planned renovations at the 12-unit Service Center and 12 nearby duplex units include:
Mortgage loan financing is enabling the GRHC to make numerous much-needed upgrades at two GRHC retirement developments.The GRHC is undertaking $850,000 in improvements at Mount Mercy Apartments, including:
Many improvements have been completed; we anticipate that all will be completed by summer 2018. No planned improvements will require displacing residents from their homes.