PHA code CA003 · Large PHA · California
Housing Authority of the City of Oakland, California
Housing Authority of the City of Oakland, California has closed 3 RAD conversions covering 101 public housing units, with 1 more (83 units) between CHAP and closing. It still has 1,355 public housing units in 12 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 101
- In the pipeline 83
- Still public housing 1,355
Of the closed deals, 3 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 3 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 |
|---|---|---|---|---|---|---|---|
| Chestnut Court | PBV | 83 | CHAP awarded | CHAP 2026 | |||
| Foothill FamilySec. 18 blend | PBV | 21 | Closed | Oct 2025 | 4% | $439,883 | |
| Lion Creek Crossings Phase ISec. 18 blend | PBV | 36 | Closed | Jun 2024 | 4% | $124,839 | |
| Lion Creek Crossings Phase IISec. 18 blend | PBV | 44 | Closed | Jun 2024 | 4% | $121,911 |
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 CA003's remaining units that averages $1,503 a month, against a weighted PBV cap of $3,202 (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 |
|---|---|---|---|---|---|---|
| Peralta Villa CA003000108 | 390 | $1,468 | $3,060 | $3,338 | $2,408 | Debt |
| Lockwood Gardens CA003000104 | 372 | $1,581 | $3,242 | $3,537 | $2,539 | Debt |
| Campbell Village CA003000103 | 154 | $1,375 | $3,139 | $3,424 | $2,377 | Debt |
| Harrison Street CA003000101 | 101 | $1,482 | $2,629 | $2,868 | $2,218 | Debt |
| Palo Vista Gardens CA003000107 | 100 | $1,239 | $2,615 | $2,853 | $2,098 | Debt |
| Mandela Gateway CA003000117 | 46 | $1,733 | $3,931 | $4,288 | $3,004 | Debt |
| Chestnut Court CA003000118 | 45 | $1,796 | $3,973 | $4,334 | $3,081 | Debt |
| Linden Court CA003000115 | 38 | $1,765 | $4,237 | $4,622 | $3,174 | Debt |
| Lions Creek Crossing III CA003000123 | 37 | $1,498 | $4,281 | $4,670 | $3,105 | Debt |
| Adel Court CA003000102 | 30 | $1,250 | $2,681 | $2,925 | $2,107 | Debt |
| Foothill Family CA003000120 | 21 | $1,803 | $4,011 | $4,376 | $3,020 | Debt |
| Lion Creek Crossings IV CA003000124 | 21 | $1,549 | $4,054 | $4,422 | $2,928 | 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.