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PHA code CT005 · Medium PHA · Connecticut

Housing Authority of the City of New Britain

Housing Authority of the City of New Britain has no closed RAD conversions in HUD's data, with 5 more (245 units) between CHAP and closing. It still has 803 public housing units in 3 projects that HUD's May 2026 rents tool prices for RAD.

Conversions

RAD Component 1 conversions for CT005, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Bond Streetnew constructionPBV63CHAP awardedCHAP 2023BothYes
Mount Pleasant - Phase IVnew constructionPBV39CHAP awardedCHAP 2022BothYes
Mount Pleasant - Phase Ii-4new constructionPBV46CHAP awardedCHAP 2022BothYes
Mount Pleasant - Phase Ii-9new constructionPBV34CHAP awardedCHAP 2022BothYes
Mount Pleasant- Phase ISec. 18 blendnew constructionPBV63RCC issuedCHAP 20224%$564,584

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 CT005's remaining units that averages $1,130 a month, against a weighted PBV cap of $1,893 (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
Elderly and Bond Street CT005000101 455 $977 $1,619 $1,766 $1,362 Debt
Mount Pleasant CT005000001 188 $1,424 $2,314 $2,524 $2,002 Debt
Oval Grove Apartments CT005000002 160 $1,222 $2,178 $2,376 $1,776 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.