The administration created RAD as a comprehensive and innovative strategy that offers long-term solution to preserve and enhance the country's vital affordable housing stock by finding ways to get private capital off the sidelines and back into communities.
Shaun Donovan describes the RAD program as a vital strategy for affordable housing.
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I would never believe that the private sector, left to its own devices, is the best possible solution. I am in Government because of the role of Government in setting rules and working in partnership with the private sector.