The RAD Guide to CHAP Amendments

The Office of Recap has created the attached “Overview of RAD CHAP Amendments” guide to assist PHAs who wish to make changes to their initial RAD CHAP award. The purpose of the guide is to provide an overview of the CHAP amendment process, a comprehensive listing of reasons CHAPs might be amended, including permitted changes to contract rents, updating utility allowances, and modifying the units that will be converted. It also provides additional clarity regarding the information the PHA must include in their amendment request in order for the amendment to be processed. HUD’s intent in producing this document is to ensure that PHAs are fully aware of the options available to them and to reduce the overall number of instances in which a CHAP may need to be amended.

All CHAP amendment requests must be submitted via email to your assigned RAD Transaction Manager 60 days prior to your Financing Plan submission. Waiting to submit a CHAP amendment request after this time may result in significant processing delays.

We encourage you to continue to work closely with your assigned RAD Transaction Manager on any changes to the proposed conversion.

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Join the National Women’s Business Council’s Public Meeting Via Webcast

You are invited to join the National Women’s Business Council for their next public meeting – United We Thrive: Sustaining Our Momentum in Corporate and Private Arenas on Wednesday, March 8, from 2:00 pm to 4:00 pm ET, via web conference. As the current administration comes to a close, we have the opportunity to reflect on the progress that we have made and the path forward.

You can RSVP for the meeting here through Eventbrite or via email at [email protected] with your name and “RSVP for 3/8 Public Meeting” in the subject line. Further details will be provided upon RSVP. If you experience any problems, please contact the NWBC at (202) 205-3850.

Women’s entrepreneurship has evolved from a ‘growing trend’ to a vital part of our nation’s economy. According to the 2012 U.S. Census’ Survey of Business Owners (SBO), 36% of privately-held businesses in the U.S. are owned by women – approximately 10 million firms. These firms generate over $1.4 trillion in sales and employ over 8 million people. Despite the inroads made, there are still significant road blocks.

Access to capital continues to be a challenge; on average, men start their businesses with nearly twice as much capital as women – $135,000 to $75,000. And, fewer than 2 percent of women-owned businesses exceed $1 million in receipts, though many indicate a desire to scale up. Corporate supplier diversity programs, the formal efforts made by corporations to include underrepresented businesses into their supply chains, have been heralded as opportunities for businesses to scale up by securing high-value and sustainable contracts. We’ll be discussing supplier diversity, in depth, at our Public Meeting!

We encourage entrepreneurs, business-owners, policymakers, researchers and officials to tune in to learn about the Council’s latest research, receive updates on Council activities, and hear from White House, Congressional and Small Business Administration representatives on major accomplishments and future priorities.
Thank you again for all that you do and your continued support on issues of impact to women business-owners and women entrepreneurs across the country. We are grateful to be doing this work alongside all of you, and we do hope that you can join in.