PHA code AL054 · Medium PHA · Alabama
Florence H/A
Florence H/A has closed 4 RAD conversions covering 660 public housing units. HUD’s rents tool lists no unconverted public housing for it.
- Converted 660
- In the pipeline 0
- Still public housing 0
Of the closed deals, 0 went to project-based vouchers (PBV) and 4 to project-based rental assistance (PBRA). 2 used low-income housing tax credits and 2 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Cherry Hill Homes | PBRA | 172 | Closed | Sep 2018 | $486 | ||
| Carver Homes Phase 2 | PBRA | 75 | Closed | Nov 2017 | $153 | ||
| Handy Homes/carver Heights | PBRA | 199 | Closed | Nov 2017 | 4% | Yes | $37,497 |
| Magnolia Gardens II | PBRA | 214 | Closed | Jun 2015 | 9% | Yes | $42,773 |
Financing the next one
Send the deal to the commercial mortgage desk at Janover Capital LLC: debt for a conversion (FHA 223(f) or 221(d)(4), bank or bond), a Section 18 blend, or a refinance of a property that has already converted. Tell us where it stands, and a person at Janover Capital will reply.
Janover Capital LLC is not HUD, the RAD Resource Desk or a housing authority, and is not affiliated with or endorsed by any of them. Nothing here is legal advice or an offer of credit.
Sources: RAD Resource Desk Component 1 property export, downloaded ; HUD RAD Contract Rents Look-Up Tool, May 2026. Hard cost per unit divides reported hard construction costs by RAD plus non-RAD units; blank where HUD's export reports none. About the data.