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PHA code CA005 · Large PHA · California

Housing Authority of the City of Sacramento

Housing Authority of the City of Sacramento has closed 2 RAD conversions covering 126 public housing units. It still has 1,257 public housing units in 6 projects that HUD's May 2026 rents tool prices for RAD.

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

Conversions

RAD Component 1 conversions for CA005, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Central City 2Sec. 18 blendPBV12ClosedJun 20234%$183,693
Central City 1Sec. 18 blendPBV114ClosedJan 20224%$89,756

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 CA005's remaining units that averages $1,134 a month, against a weighted PBV cap of $2,597 (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
Marina Vista CA005000102 391 $1,225 $2,867 $3,128 $2,167 Debt
Alder Grove CA005000101 360 $1,191 $2,628 $2,867 $2,016 Debt
The Mill CA005000107 153 $1,015 $2,287 $2,495 $1,746 Debt
Oak Park CA005000105 147 $1,069 $2,642 $2,882 $1,972 Debt
Meadow Commons CA005000104 126 $992 $2,362 $2,577 $1,769 Debt
Central City CA005000103 80 $997 $2,015 $2,198 $1,601 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.

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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.