HUD issued a notice in today’s Federal Register on the process it will follow in processing applications for first component Rental Assistance Demonstration conversions that are on HUD’s waiting list. The original authorization for RAD in the fiscal year 2012 appropriations act authorized 60,000 units for conversion. After receiving applications meeting the 60,000 unit cap, HUD started its RAD waiting list in October 2013. Congress approved extending the unit cap for RAD conversion up to 185,000 units in the fiscal year 2015 appropriations act. In the Federal Register notice, HUD states that it will provide Commitments to enter into Housing Assistance Payments (CHAPs) to all eligible applicants whose applications meet eligibility and selection criteria included in PIH Notice 2012-32, as amended. HUD further states that it will try to review applications as quickly as possible, and may award CHAPs to projects with approaching financing deadlines ahead of other projects on the waiting list in order support successful conversions. Given the passage of time, HUD will allow applicants to amend or update applications.  HUD will accept comments on the notice through March 2, 2015.