PHA code AZ004 · Large PHA · Arizona
City of Tucson
City of Tucson has closed 1 RAD conversion covering 357 public housing units, with 1 more (82 units) between CHAP and closing. It still has 1,505 public housing units in 10 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 357
- In the pipeline 82
- Still public housing 1,505
Of the closed deals, 0 went to project-based vouchers (PBV) and 1 to project-based rental assistance (PBRA). 1 used low-income housing tax credits and 0 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Craycroft Towers and Lee Street DuplexesSec. 18 blendnew construction | PBV | 82 | Financing Plan in | CHAP 2026 | 4% | $206,828 | |
| Thrive Tucson HouseSec. 18 blend | PBRA | 357 | Closed | Dec 2025 | 4% | $324,303 |
Still public housing: 2026 RAD rents
HUD's rents tool sets a 2026 RAD contract rent for each unconverted project from its 2024 public housing funding, inflated by the 2025 and 2026 OCAF. Across AZ004's remaining units that averages $882 a month, against a weighted PBV cap of $1,689 (110% of fair market rent, before the utility allowance). Where the RAD rent is below the cap, a Section 18 blend can raise the rent and the debt it carries.
| Project | Units | 2026 RAD rent | PBV cap | PBRA cap | 60/40 blend | Rent check |
|---|---|---|---|---|---|---|
| Mixed Finance Development Tucson House AZ004000048 | 407 | $812 | $1,185 | $1,293 | $1,054 | Debt |
| Scattered Sites AZ004600113 | 237 | $874 | $1,879 | $2,050 | $1,370 | Debt |
| Scattered Sites AZ004500112 | 231 | $948 | $1,935 | $2,110 | $1,439 | Debt |
| Scattered Sites AZ004400111 | 184 | $881 | $2,025 | $2,209 | $1,437 | Debt |
| Posadas Sentinel, Ph. I AZ004000051 | 140 | $910 | $2,117 | $2,310 | $1,487 | Debt |
| Scattered Sites AZ004300110 | 135 | $929 | $1,979 | $2,159 | $1,441 | Debt |
| Martin Luther King Apartments AZ004700120 | 68 | $959 | $1,189 | $1,297 | $1,113 | Debt |
| Lander Apts - Phase II AZ004100115 | 47 | $872 | $1,189 | $1,297 | $1,072 | Debt |
| Silverbell AZ004000065 | 28 | $638 | $1,240 | $1,352 | $894 | Debt |
| Robert F. Kennedy Homes AZ004006040 | 28 | $1,154 | $2,153 | $2,349 | $1,658 | Debt |
Rents are monthly per unit, weighted across each project's bedroom mix. The caps are shown before HUD's estimated utility allowance. HUD calls the blend figures estimates. Project names are as reported to HUD.
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.