PHA code CA004 · Large PHA · California
Housing Authority of the City of Los Angeles
Housing Authority of the City of Los Angeles has closed 17 RAD conversions covering 585 public housing units, with 5 more (84 units) between CHAP and closing. It still has 6,216 public housing units in 16 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 585
- In the pipeline 84
- Still public housing 6,216
Of the closed deals, 17 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 14 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 |
|---|---|---|---|---|---|---|---|
| Harbor ViewSec. 18 blend | PBV | 43 | Closed | Jul 2026 | 4% | $230,218 | |
| Clarendon Apartments | PBV | 50 | Closed | Jul 2025 | $1,642 | ||
| Rancho San Pedronew construction | PBV | 7 | Closed | Nov 2024 | 4% | $604,023 | |
| Jordan Downs Phase S5new construction | PBV | 12 | Closed | Nov 2024 | 9% | $636,360 | |
| Wilmington Townhomes | PBV | 40 | CHAP awarded | CHAP 2024 | 4% | ||
| Jordan Downs H2bnew construction | PBV | 15 | Closed | Jul 2023 | 4% | $501,883 | |
| Jordan Downs Phase S4new construction | PBV | 17 | Closed | Jun 2023 | 4% | $561,302 | |
| Jordan Downs H2anew construction | PBV | 9 | Closed | Apr 2022 | 9% | $541,516 | |
| Jordan Downs Phase H3anew construction | PBV | 10 | Financing Plan in | CHAP 2022 | 4% | $589,042 | |
| Jordan Downs Phase H3bnew construction | PBV | 10 | CHAP awarded | CHAP 2022 | 4% | ||
| Jordan Downs Phase S6new construction | PBV | 10 | RCC issued | CHAP 2022 | 9% | $845,874 | |
| Jordan Downs Phase S7new construction | PBV | 14 | CHAP awarded | CHAP 2022 | 4% | ||
| The Manchester Apartments | PBV | 26 | Closed | Sep 2021 | |||
| Jordan Downs S2new construction | PBV | 17 | Closed | Jun 2021 | 4% | $552,967 | |
| Ramona Gardens Cat1anew construction | PBV | 11 | Closed | Jun 2021 | 4% | $413,525 | |
| Pueblo del Sol Phase II Rental | PBV | 112 | Closed | May 2021 | 4% | $99,680 | |
| Pueblo del Sol Phase I Rental | PBV | 112 | Closed | Oct 2020 | 4% | $84,552 | |
| Jordan Downs S3new construction | PBV | 25 | Closed | Mar 2020 | 9% | $502,343 | |
| Jordan Downs Mp3new construction | PBV | 30 | Closed | Jan 2020 | 9% | $408,794 | |
| Lankershim Apartments | PBV | 29 | Closed | Nov 2019 | |||
| Jordan Downs Bnew construction | PBV | 38 | Closed | Jun 2018 | 4% | $355,210 | |
| Jordan Downs Anew construction | PBV | 32 | Closed | Mar 2017 | 4% | $385,392 |
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 CA004's remaining units that averages $1,376 a month, against a weighted PBV cap of $3,102 (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 |
|---|---|---|---|---|---|---|
| Nickerson Gardens CA004000413 | 1,066 | $1,398 | $3,072 | $3,351 | $2,407 | Debt |
| Pueblo del Rio CA004000403 | 660 | $1,371 | $3,006 | $3,279 | $2,358 | Debt |
| Mar Vista Gardens CA004000421 | 601 | $1,421 | $3,236 | $3,530 | $2,509 | Debt |
| Ramona/rose CA004000401 | 574 | $1,526 | $3,257 | $3,553 | $2,562 | Debt |
| Imperial Courts CA004000419 | 490 | $1,368 | $3,087 | $3,367 | $2,401 | Debt |
| Rancho San Pedro CA004000404 | 478 | $1,331 | $2,980 | $3,251 | $2,316 | Debt |
| San Fernando Gardens CA004000422 | 448 | $1,492 | $3,343 | $3,647 | $2,602 | Debt |
| William Mead Homes CA004000406 | 415 | $1,300 | $2,973 | $3,243 | $2,304 | Debt |
| Estrada Courts CA004000407 | 414 | $1,345 | $2,981 | $3,253 | $2,332 | Debt |
| Avalon/gonzaque CA004000409 | 348 | $1,305 | $2,889 | $3,151 | $2,251 | Debt |
| Pico/Las Casitas CA004000593 | 296 | $1,091 | $3,106 | $3,388 | $2,256 | Debt |
| Jordan Downs CA004000416 | 268 | $1,446 | $3,197 | $3,488 | $2,495 | Debt |
| Harbor View CA004000225 | 48 | $1,246 | $3,333 | $3,636 | $2,454 | Debt |
| Wilmington Townhomes CA004000228 | 46 | $1,288 | $3,651 | $3,982 | $2,611 | Debt |
| Jordan Scattered CA004000999 | 34 | $1,435 | $3,782 | $4,126 | $2,754 | Debt |
| Del Rey Square Senior Housing CA004000852 | 30 | $791 | $2,294 | $2,502 | $1,683 | 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.