CMHA to Begin Upgrades to Four Communities
This winter, CMHA will begin a large renovation project for over 250 affordable housing units in four of its communities: Eastmoor Square, Glenview Estates, Indian Meadows, and Ohio Townhouses.
These properties will see over $8 million in upgrades and other rehab work. This work will include interior upgrades such as new furnaces, hot water tanks, energy efficient appliances, plumbing, and new flooring. The exteriors will feature new siding, upgrades to parking lots and streets within the properties. CMHA will also be making Americans with Disabilities Act-related upgrades to several units.
CMHA is using HUD’s Rental Assistance Demonstration (RAD) program to move these properties out of the Public Housing subsidy program and into the Section 8 program as Project based Vouchers (PBV). Because of the RAD program, CMHA is able to access Low-Income Housing Tax Credits and other soft debt to help finance the rehab work.
CMHA is using RAD to convert its entire portfolio of Public Housing properties to the Section 8 PBV platform. In the process, CMHA is spending over $35 million rehabbing and upgrading these properties.