PHA code FL004 · Large PHA · Florida
Orlando Housing Authority
Orlando Housing Authority has closed 1 RAD conversion covering 87 public housing units, with 5 more (851 units) between CHAP and closing. It still has 1,258 public housing units in 11 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 87
- In the pipeline 851
- Still public housing 1,258
Of the closed deals, 1 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 1 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 |
|---|---|---|---|---|---|---|---|
| Ivey Lane Homesnew construction | PBV | 181 | CHAP awarded | CHAP 2026 | Both | ||
| Lake Mann Homesnew construction | PBV | 207 | CHAP awarded | CHAP 2026 | Both | ||
| Lorna Doone Aptsnew construction | PBV | 104 | CHAP awarded | CHAP 2026 | Both | ||
| Murchison Terracenew construction | PBV | 188 | CHAP awarded | CHAP 2026 | Both | ||
| Reeves Terracenew construction | PBV | 171 | CHAP awarded | CHAP 2026 | Both | ||
| Citrus Sq/johnson Manor | PBV | 87 | Closed | Dec 2017 | 4% | $39,110 |
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 FL004's remaining units that averages $1,116 a month, against a weighted PBV cap of $2,332 (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 |
|---|---|---|---|---|---|---|
| Reeves Terrace FL004000002 | 224 | $1,063 | $2,283 | $2,491 | $1,784 | Debt |
| Lake Mann Homes FL004000004 | 210 | $1,228 | $2,462 | $2,686 | $1,964 | Debt |
| Murchison Terrace FL004000006 | 190 | $1,186 | $2,353 | $2,566 | $1,883 | Debt |
| Ivey Lane Homes FL004000009 | 184 | $1,296 | $2,772 | $3,024 | $2,173 | Debt |
| Omega Apts/marden Meadows FL004000013 | 119 | $1,205 | $2,606 | $2,843 | $2,035 | Debt |
| Lorna Doone Apts FL004000010 | 104 | $907 | $1,853 | $2,021 | $1,459 | Debt |
| Meadow Lake Apts FL004000011 | 87 | $964 | $1,904 | $2,077 | $1,521 | Debt |
| The Villas at Carver Park FL004000014 | 64 | $742 | $1,904 | $2,077 | $1,400 | Debt |
| Citrus Sq/johnson Manor FL004000012 | 40 | $898 | $1,904 | $2,077 | $1,468 | Debt |
| The Landings at Carver Park FL004000015 | 30 | $1,144 | $2,336 | $2,548 | $1,810 | Debt |
| Griffin Park FL004000001 | 6 | $885 | $1,874 | $2,045 | $1,418 | 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.