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PHA code CA035 · Small PHA · California

Housing Authority of the City of San Buenaventura

Housing Authority of the City of San Buenaventura has closed 7 RAD conversions covering 510 public housing units, with 2 more (177 units) between CHAP and closing. It still has 217 public housing units in 4 projects that HUD's May 2026 rents tool prices for RAD.

Of the closed deals, 7 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 6 used low-income housing tax credits and 0 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for CA035, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Ventura Rad/s18 CloseoutPBV147CHAP awardedCHAP 20264%
Valentine Road ApartmentsPBV24ClosedNov 2025
Santa Clara Apartmentsnew constructionPBV30CHAP awardedCHAP 20249%
Westview Village Bnew constructionPBV27ClosedApr 20229%$342,377
Westview Village CSec. 18 blendnew constructionPBV51ClosedSep 20204%$446,069
Westview Villagenew constructionPBV72ClosedDec 20164%$317,597
Buena Vida Et Al BPBV95ClosedAug 20164%$77,719
Buena Vida Et AlPBV101ClosedJun 20154%$54,053
The PalmsPBV140ClosedJan 20149%$39,296

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 CA035's remaining units that averages $1,295 a month, against a weighted PBV cap of $3,422 (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
Buena Vida Et Al CA035000004 100 $1,306 $3,631 $3,961 $2,719 Debt
Scattered Sites CA035000005 86 $1,168 $2,981 $3,252 $2,261 Debt
Westview Village CA035000001 29 $1,618 $4,006 $4,370 $3,038 Debt
Buena Vida Et Al CA035000003 2 $1,496 $3,490 $3,807 $2,486 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.