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PHA code DE004 · Medium PHA · Delaware

Delaware State Housing Authority

Delaware State Housing Authority has closed 3 RAD conversions covering 218 public housing units, with 1 more (54 units) between CHAP and closing. It still has 290 public housing units in 7 projects that HUD's May 2026 rents tool prices for RAD.

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

RAD Component 1 conversions for DE004, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Mifflin MeadowsSec. 18 blendnew constructionPBV54Financing Plan inCHAP 20254%$315,588
Mc Lane Gardens Peach Circle Holly SquarePBV106ClosedAug 20204%$118,158
Iron GatePBV12ClosedJul 20179%$151,448
Liberty Courtnew constructionPBV100ClosedJul 20174%$131,617
Burton VillagePBV0CHAP Processing - Under SME Review
Clark's Corner & Clarks Corner AnnexPBV0CHAP Processing - Under SME Review
Laverty LanePBV0CHAP Processing - Under SME Review
SelbyvillePBV0CHAP Processing - Under SME Review

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 DE004's remaining units that averages $1,472 a month, against a weighted PBV cap of $1,914 (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
Clarks Corner & Clarks Corner Annex DE004000016 70 $1,543 $2,022 $2,206 $1,771 Debt
Selbyville DE004000013 55 $1,320 $1,771 $1,932 $1,461 Debt
Mifflin Meadows DE004000003 54 $1,599 $2,154 $2,350 $1,857 Debt
Burton Village DE004000004 51 $1,378 $1,897 $2,070 $1,548 Debt
Laverty Lane DE004000008 50 $1,499 $1,610 $1,756 $1,529 Debt
Scattered Site Kent Co DE004000015 6 $1,353 $2,248 $2,453 $1,724 Debt
Scattered Sites DE004000011 4 $1,653 $2,248 $2,453 $1,898 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.