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Federal Housing Program to Help Revitalize Five Aged Public Housing Properties in PhoenixFederal Housing Program to Help Revitalize Five Aged Public Housing Properties in Phoenix<div class="ExternalClassBC4A5F4837564D60ABF8F2509C9FCE82"><p>The city of Phoenix Housing Department has been selected to participate in the U.S. Department of Housing and Urban Development's (HUD) Rental Assistance Demonstration (RAD) program to help revitalize five aged public housing properties with a total of 815 units. </p><p>"This investment will be a huge shot in the arm for our historic Edison-Eastlake community," said Mayor Greg Stanton. "The whole neighborhood wins when we turn aging and obsolete properties into modern mixed-income public and affordable housing."   </p><p>"Our selection for the RAD program and its innovative public-private model will bring real infrastructure improvements to the heart of Phoenix and District 8," said Vice Mayor Kate Gallego, chair of the City Council's Sustainability, Housing, Efficiency and Neighborhoods Subcommittee. "Safe, affordable housing is a key to the resurgence of our urban core, and I will continue to advocate at the federal level for every tool available."</p><p>The RAD program converts existing public housing to long-term, renewable, project-based Section 8 rental assistance contracts.   The program also allows the Housing Department to leverage private and public debt and equity to redevelop or remodel the public housing stock addressing the backlog of deferred capital improvements as well as providing for future financial sustainability and continued affordability.</p><p>"Affordable housing is a key to our downtown's resurgence, and I'm excited for the improvements the RAD program will make possible at Foothills Village and elsewhere throughout Phoenix," Councilman Michael Nowakowski said. "Our selection for this program is the Team Phoenix approach in action – where successful partnerships with federal agencies, private business and local government staff and leaders brings real progress for our residents."</p><p>Under the RAD program, residents continue to pay 30 percent of their income for rent and maintain the same basic rights as they possess in the public housing program.  </p><p>The public housing properties that will benefit from the program are:   </p><p>Foothills Village, 920 W. Alta Vista Road;</p><ul><li>A.L. Krohn East, 14<sup>th</sup> and Monroe streets;</li><li>*A.L. Krohn, 1940 E. Villa St.;</li><li>*Frank Luke Homes, 500 N. 20<sup>th</sup> St.; and</li><li>*Sidney P. Osborn, 1720 E. Adams St.</li></ul><p>Three of these properties identified with an * are part of the recently awarded HUD Choice Neighborhoods Planning and Action Grant which will result in a transformation plan for the Edison-Eastlake Community.  </p><p>For more information about the RAD program, visit hud.gov/rad.</p><p>For more information about the services and programs offered by the Phoenix Housing Department, call 602-262-6794 or visit phoenix.gov/housing.  Follow us on Twitter @phxhousing.</p></div>2/15/2017 9:00:00 PMAlejandro Montiel602-534-3443