Today's Spotlight on Vera Johnson B
Vera Johnson B is only the second public housing property the SNRHA has converted through the RAD program
RAD is a program that allows private companies to manage and rehabilitate public housing in exchange for tax credits and subsidies.
The idea is that private managers and companies are better equipped to operate housing. Private operators would have access to private capital for rehabilitating the properties. That is, public housing would no longer have to rely so heavily on federal funding to provide basic maintenance.
The U.S Department of Housing and Urban Development began pushing the RAD program onto local housing authorities through web seminars in 2011. At first, housing authority was skeptical of the program. But the SNRHA had few options and applied for the program within the first year it was announced. With Landsman Gardens, the first RAD property, facing multiple issues, housing authority officials were afraid the units would become uninhabitable if repairs were delayed any longer.
“HUD cannot do it alone anymore. Our properties are old and tired,” the Executive Director said. “We can extend the life of the property for another 30 years.”
It worked. Landsman Gardens became on one of the first RAD properties in the nation. The SNRHA moved to convert a second public housing property, Vera Johnson Building B, into a RAD conversion. The housing authority applied for RAD conversions, one at a time, until it eventually submitted half of its public housing inventory.
Now Vera Johnson B stands one of the SNRHA's flagship properties. It is now operated by HAND Property Management Corporation
, a nonprofit real estate development, construction, and management organization that builds affordable apartments for low-income communities.
Vera Johnson Manor B Family Apartments is a newly renovated townhome-style apartment community located on Lamb Boulevard near Bonanza Road. It is conveniently located near a wide array of shopping malls and schools for children of all ages. Amenities include, dishwasher, full-size washer/dryer, a fantastic new community center, playground areas and much more. Vera Johnson Manor B also offers onsite Resident Services that connects residents to community assistance programs and coordinates activities such as workforce development opportunities, homework assistance and summer education programs.
Monthly rents at Vera Johnson Manor B start at only $406 per month for a two-bedroom, one-bath home and $465 for a three-bedroom, one-bath. Income restrictions do apply. To qualify, applicants must earn a minimum monthly income of at least 2 ½ times the amount of rent being charged for the apartment home. A one-person household must not exceed $24,550 gross annual income. A two-person household must not exceed $28,050 per year. A three-person household must not exceed $31,550 gross annual income. We do not charge for water, sewer, or trash and we do not charge monthly pet fees. See More about Vera Johnson B
Solis, J. (2018, June 29). The privatization of public housing. Retrieved from https://www.nevadacurrent.com