In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, is joined by his partner Rich Larsen, CPA, to discuss the U.S. Department of Housing and Urban Development’s (HUD’s) recent guidance on Faircloth-to-Rental Assistance Demonstration (RAD) conversions. They examine how public housing authorities (PHAs) got so far below their public housing cap, what the new guidance allows, steps that PHAs and developers should consider, how a Faircloth-to-RAD conversion works and which PHAs have the most capacity.