HUD established timelines for fourth quarter RAD closings in order to plan for the Office of Recapitalization’s workload and necessary approvals. The table below indicates when items must be complete in order to close in 2018. This memo provides additional information about how HUD will prioritize projects when transaction volume exceeds their processing capacity.
| Action | November 30 Closing | December 31 Closing |
|---|---|---|
| Upload all required Financing Plan documents | June 15 | July 13 |
| Receive a HUD-executed RCC | August 17 | September 14 |
| Submit a complete closing package | September 1 | October 1 |
| All RAD documents approved and ready for HUD signatures | November 15 | December 13 |