In RAD PBRA, what is true regarding in-place tenants at the time of conversion?

In the context of the Rental Assistance Demonstration (RAD) program under Project-Based Rental Assistance (PBRA), in-place tenants at the time of conversion enjoy specific protections and benefits. One key aspect of the RAD program is that it allows for a phasing-in of rent adjustments for these tenants. This means that if the rent for their unit increases due to the conversion, the tenants can experience a gradual rent increase over a specified period of time instead of facing an immediate hike. This phasing-in process provides stability for residents who might be financially impacted by sudden changes in rent, ensuring that they can remain in their homes without undue pressure.

This approach is designed to protect vulnerable populations and aligns with RAD's overarching goal of preserving affordable housing while upgrading properties. It demonstrates consideration for tenants who have a history of residence in the property, allowing them to adapt to changes in housing assistance without the threat of immediate displacement.

In contrast, the other options do not reflect the protections offered to in-place tenants under RAD PBRA guidelines. Tenants do not lack eligibility for adjustments; they are specifically allowed gradual adjustments. Immediate eviction is not a requirement, and receiving a fixed amount does not accurately depict the phased approach to rent adjustments in this conversion context.