Most of MHACY’s public housing developments are over forty years old, and all are in need of capital improvements. As a result, the Board of Commissioners has determined to participate in a HUD initiative called the Rental Assistance Demonstration (“RAD”) which will allow the Authority to ensure the long term quality, viability and sustainability of its housing stock. To accomplish the work, MHACY has engaged three development partners, the Property Resources Corporation (“PRC”), L&M Development Partners (“L&M), and the NHP Foundation (“NHP”).
Under RAD, MHACY will use low-income tax credits, bonds, and other financing tools to make major improvements to its properties, from the installation of new boilers, roofs and windows, to the repair of elevators, to kitchen and bath renovations.
During the RAD process MHACY will be guided by three core principles: (1) the well-being of the residents must guide all major decisions; (2) the decision-making process must remained controlled by its Board of Commissioners; and (3) the Authority’s core portfolio must serve the lowest income families that can be managed effectively by the staff.
Significantly, the RAD program will not involve any involuntary displacement of MHACY’s public housing residents. Any resident who is temporarily relocated due to construction has the right to return. Upon conversion into RAD there will be no rescreening of our residents; instead, residents will be subject to the same terms and conditions of their current leases, and they will pay 30% of their adjusted income in rent. Through the redevelopment process MHACY seeks to improve the experience and quality of life of its residents.
All of the redevelopment should be completed between 2017 and 2020. Information regarding the status of the redevelopment work is regularly disseminated at Resident Advisory Board Meetings, Resident Council Meetings, through MHACY’s Newsletter, and via this website.