Philadelphia, PA – January 3, 2013 – (RealEstateRama) — Due to the decrease in Federal funds for housing programs, the Philadelphia Housing Authority (PHA) has submitted an application to participate in the Rental Assistance Demonstration (RAD). PHA’s Board of Commissioners authorized the agency’s application during the December 2013 Board Meeting. If the application is approved by the U.S. Department of Housing and Urban Development (HUD), the agency will be able to raise more than $102 million to address its capital and maintenance needs and preserve much needed affordable housing in the city of Philadelphia for years to come
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