PHA code CA001 · Medium PHA · California

Housing Authority of the City & County of San Francisco

Housing Authority of the City & County of San Francisco has closed 41 RAD conversions covering 2,460 public housing units, with 8 more (297 units) between CHAP and closing. It still has 331 public housing units in 2 projects that HUD's May 2026 rents tool prices for RAD.

Of the closed deals, 41 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 39 used low-income housing tax credits and 2 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for CA001, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Plaza Eastnew constructionPBV193CHAP awardedCHAP 20244%
Potrero Annexnew constructionPBV9ClosedAug 2022$957,444
Hayes Valley NorthSec. 18 blendPBV17ClosedJan 20214%$521,572
Hayes Valley SouthSec. 18 blendPBV13ClosedJun 20204%Yes$406,518
BernalSec. 18 blendPBV112ClosedDec 20194%Yes$307,208
Sunnydale Block 6new constructionPBV18ClosedDec 20194%$656,921
Valencia GardensPBV148ClosedNov 2017
1880 PINE C - TOA to PING YUENPBV161ClosedOct 20164%$260,107
430 TURK B2 TOA to WESTSIDEPBV82ClosedOct 20164%$322,032
Clementina WestbrookPBV137ClosedOct 20164%$395,573
320 & 330 ClementinaPBV113ClosedOct 20164%$155,586
345 ARGUELLO A2 TOA to PING YUEN NORTHPBV112ClosedOct 20164%$278,305
990 PACIFIC B TOA to ROSA PARKSPBV101ClosedOct 20164%$227,905
THE EDDYS A2 TOA to 350 ELLISPBV47ClosedOct 20164%$332,665
2698 California APBV22ClosedOct 20164%$292,545
3850 18th StPBV55ClosedOct 20164%$173,308
491 31ST AVE D2 TOA to ALEMANYPBV84ClosedOct 20164%$398,067
Mission DoloresPBV44ClosedOct 20164%$225,314
1760 BushPBV44ClosedOct 20164%$153,189
1750 McALLISTERPBV42ClosedOct 20164%$213,188
Jfk TowerPBV42ClosedOct 20164%$207,424
Alice Griffith Phase 3Anew constructionPBV43ClosedFeb 20164%$581,013
Alice Griffith Phase 3Bnew constructionPBV20ClosedFeb 20164%$707,921
227 Bay Street APBV28ClosedNov 20154%$182,445
430 TurkPBV44ClosedNov 20154%$154,472
462 DubocePBV25ClosedNov 20154%$293,702
666 Ellis St APBV47ClosedNov 20154%$157,289
990 Pacific APBV41ClosedNov 20154%$376,999
Robert B. Pitts APBV127ClosedNov 20154%$174,245
The EddysPBV36ClosedNov 20154%$149,937
25 SanchezPBV45ClosedNov 20154%$135,523
Holly CourtsPBV58ClosedNov 20154%$181,684
255 Woodside Anew constructionPBV55ClosedNov 20154%$135,781
345 Arguello APBV37ClosedNov 20154%$187,294
491 31st AvePBV44ClosedNov 20154%$128,447
1880 Pine APBV57ClosedNov 20154%$113,548
Hunter's Point East/westPBV137ClosedNov 20154%$261,638
Hunters View Block 10new constructionPBV36ClosedNov 20159%$483,435
1880 Pine Cat 1PBV1CHAP awardedCHAP 2015
227 Bay Street Cat1PBV17CHAP awardedCHAP 2015
345 Arguello Cat 1PBV2CHAP awardedCHAP 2015
462 Duboce Cat 2PBV5CHAP awardedCHAP 2015
990 Pacific A Cat 1PBV1CHAP awardedCHAP 2015
Holly Courts Cat 1new constructionPBV2CHAP awardedCHAP 2015
Robert B. Pitts Cat 1PBV76CHAP awardedCHAP 2015
Hunters View Phase 1Anew constructionPBV54ClosedJun 20159%$576,358
Alice Griffith Phase 1new constructionPBV35ClosedMar 20154%$593,202
Alice Griffith Phase 2new constructionPBV34ClosedMar 20154%$606,384
Hunters View Phase 2Anew constructionPBV54ClosedJan 20154%$84,109

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 CA001's remaining units that averages $1,557 a month, against a weighted PBV cap of $4,262 (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.

Unconverted public housing projects, May 2026 RAD rents tool
Project Units 2026 RAD rent PBV cap PBRA cap 60/40 blend Rent check
Plaza CA001000963 193 $1,753 $4,308 $4,700 $3,226 Debt
North Beach CA001000990 138 $1,282 $4,198 $4,580 $2,966 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.

The deal
You

This goes to Janover Capital LLC only, not to HUD, FHA or a lender. It is an inquiry, not a loan application, and a person at Janover Capital will reply. Prefer email? hello@rad.loans

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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.