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Program Options Key Characteristics <br />RAD <br />•Standard <br />•Streamlined <br />•O-Zone Rent Boost ($100 PUM) <br />•Section 18 Blends (see below) <br />•One-for-one (de-minimis) <br />•Current Funding <br />•PBV or PBRA <br />•Use of PH Funds <br />•Financing Plan <br />•Resident Rights <br />•Choice Mobility <br />•Fungibility, No Faircloth, DDTF, or ARF <br />•RAD Rent Caps <br />Section 18 <br />•Obsolescence <br />•Health Safety <br />•Infeasible Operation <br />•Scattered Sites <br />•PHA with 50 or Fewer Units <br />•RAD Blends (see below) <br />•More Efficient and Effective <br />•PBV only (not PBRA) <br />•No one-for-one <br />•TPVs <br />•HOTMA waivers <br />•Use of disposition proceeds for PH or Section 8 <br />•DDTF, ARF, and Faircloth <br />•Required disposition <br />Voluntary Conversion <br />•Streamlined (PHAs with 250 or Fewer Units) <br />•Standard <br />•No one-for-one <br />•Tenant consent to project-base the TPVs <br />•Eligible for Faircloth, DDTF, and ARF <br />•No disposition required <br />Required Conversion <br />N/A •250 or more units with 12% or greater vacancy rate over three years <br />•Must remove units <br />•Not eligible for DDTF <br />RAD/Section 18 Blends <br />•Small PHA Blend (80% Section 18) <br />•Construction Blend <br />o 30% of HCC qualifies for 20% Section 18; <br />o 60% of HCC qualifies for 40% Section 18; <br />o 90% of HCC (80% in high-cost markets) qualifies for 60% (80%) <br />Section 18. <br />•RAD resident rights to all tenants <br />•Includes some (not all) RAD PBV waivers <br />Choice Neighborhoods (CNI Grant) <br />Choice Neighborhoods Implementation Grants support communities that <br />have undertaken a comprehensive local planning process and are ready to <br />implement it. <br />PORTFOLIO REPOSITIONING <br />H A S B W I L L C O N T I N U E T O M A I N TA I N A N O W N E R S H I P I N T E R E S T W H I C H L O O K S O U T F O R T H E <br />W E L L B E I N G O F O U R R E S I D E N T S