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PHA code HI001 · Large PHA · Hawaii

Hawaii Public Housing Authority

Hawaii Public Housing Authority has closed 1 RAD conversion covering 347 public housing units. It still has 4,731 public housing units in 16 projects that HUD's May 2026 rents tool prices for RAD.

Of the closed deals, 1 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 0 used low-income housing tax credits and 0 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for HI001, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Kuhio Park TowersPBV347ClosedNov 2021

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 HI001's remaining units that averages $1,348 a month, against a weighted PBV cap of $2,978 (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
Punchbowl Homes * HI001000035 587 $1,267 $2,274 $2,481 $1,911 Debt
Kalakaua Homes HI001000034 583 $1,251 $2,381 $2,598 $1,947 Debt
Kalihi Valley Homes HI001000031 373 $1,560 $3,964 $4,324 $2,934 Debt
Kamehameha Homes HI001000033 373 $1,197 $3,011 $3,285 $2,191 Debt
Mayor Wright Homes HI001000032 364 $1,631 $3,715 $4,052 $2,878 Debt
Puuwai Momi HI001000030 363 $1,392 $3,378 $3,685 $2,522 Debt
Lanakila Homes I HI001000037 338 $1,092 $2,279 $2,487 $1,765 Debt
Kekaha Ha`aheo HI001000038 321 $1,237 $2,512 $2,741 $2,005 Debt
Waimaha/sunflower HI001000044 260 $1,322 $3,431 $3,743 $2,543 Debt
Koolau Village HI001000045 226 $1,300 $3,459 $3,773 $2,488 Debt
Ka Hale Kahaluu HI001000043 202 $1,268 $2,236 $2,440 $1,826 Debt
Kahekili Terrace HI001000039 196 $1,361 $3,233 $3,527 $2,458 Debt
Kuhio Park Terrace HI001000040 174 $1,833 $4,064 $4,433 $3,182 Debt
Wahiawa Terrace HI001000049 150 $1,453 $3,004 $3,277 $2,384 Debt
Palolo Valley Homes HI001000050 118 $1,601 $3,870 $4,222 $2,869 Debt
County of Hawaii HI001000046 103 $1,203 $2,300 $2,509 $1,857 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.