PHA code IL002 · Large PHA · Illinois
Chicago Housing Authority
Chicago Housing Authority has closed 50 RAD conversions covering 6,810 public housing units, with 4 more (337 units) between CHAP and closing. It still has 12,013 public housing units in 89 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 6,810
- In the pipeline 337
- Still public housing 12,013
Of the closed deals, 50 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 25 used low-income housing tax credits and 12 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Ogden Commons 2A | PBV | 30 | Closed | Jun 2026 | |||
| Southbridge 1Cnew construction | PBV | 29 | Closed | Jan 2026 | 9% | Yes | $485,437 |
| Roosevelt Square Phase 3B | PBV | 75 | Closed | Aug 2025 | |||
| Westhaven Park IID | PBV | 38 | Closed | Aug 2025 | |||
| Lathrop Phase 1C Cat 3Anew construction | PBV | 121 | RCC issued | CHAP 2025 | 4% | $603,082 | |
| LATHROP (172 Unit CAT) | PBV | 172 | CHAP awarded | CHAP 2025 | |||
| Encuentro Square 4% | PBV | 42 | Closed | Mar 2025 | |||
| Encuentro Square 9% | PBV | 13 | Closed | Mar 2025 | |||
| Parkside 5new construction | PBV | 37 | Closed | Dec 2024 | 9% | $553,838 | |
| Oakwood Shores Phase 3-1 | PBV | 19 | Closed | Aug 2024 | |||
| Grace Manornew construction | PBV | 19 | Closed | Oct 2023 | 4% | Yes | $496,241 |
| Irene Mccoy Gaines Apartments | PBV | 150 | Closed | Feb 2023 | 4% | $225,274 | |
| Ogden Commons A-1new construction | PBV | 37 | Closed | Jan 2023 | 4% | $290,046 | |
| 45th and Evansnew construction | PBV | 23 | CHAP awarded | CHAP 2023 | |||
| Roosevelt Square I | PBV | 125 | Closed | Jan 2023 | 4% | $251,917 | |
| 3030 W 21st Apts | PBV | 350 | Closed | Dec 2022 | 4% | $193,654 | |
| Levy House | PBV | 21 | CHAP awarded | CHAP 2022 | 4% | ||
| Lake Park Crescent | PBV | 60 | Closed | Jun 2022 | 4% | $72,135 | |
| Park Boulevard Iiibnew construction | PBV | 36 | Closed | Mar 2022 | 4% | $436,604 | |
| Julia Lathrop (lathrop Phase 1b) | PBV | 28 | Closed | Oct 2021 | 9% | $371,979 | |
| 2720 N Sheffield Apts (edith Spurlock Sampson) | PBV | 405 | Closed | Sep 2021 | 4% | Yes | $184,713 |
| Julia Lathrop (emmett Street)new construction | PBV | 50 | Closed | Aug 2020 | 4% | $301,089 | |
| Parksidenew construction | PBV | 35 | Closed | Jan 2020 | 4% | $321,634 | |
| Ickes/southbridge Cat 1A (ickes 4%)new construction | PBV | 34 | Closed | Jan 2020 | 4% | Yes | $351,478 |
| Ickes/southbridge Cat 1B (ickes 9%)new construction | PBV | 34 | Closed | Jan 2020 | 9% | Yes | $278,601 |
| JULIA LATHROP CAT1B (Ravenswood Senior Living)new construction | PBV | 74 | Closed | Dec 2019 | 4% | Yes | $270,062 |
| Sullivan Apartments | PBV | 480 | Closed | Feb 2019 | Yes | $13,355 | |
| Judge Green Apts, 4030 S Lake Park Ave | PBV | 153 | Closed | Jan 2019 | $32,554 | ||
| Vivian Gordon Harsh, 4227 S Oakenwald Ave | PBV | 123 | Closed | Jan 2019 | $31,951 | ||
| Callner Apartments | PBV | 146 | Closed | Nov 2018 | $29,378 | ||
| Kenneth Campbell Apts | PBV | 165 | Closed | Oct 2018 | $18,927 | ||
| Las Americas (1611 Racine Apts) | PBV | 211 | Closed | Sep 2018 | $31,592 | ||
| JULIA LATHROP (Oso Apts)new construction | PBV | 32 | Closed | Aug 2018 | 4% | Yes | $238,921 |
| William Jones Apartments | PBV | 114 | Closed | Aug 2018 | $29,089 | ||
| Vivian Carter Apartments | PBV | 221 | Closed | May 2018 | $12,217 | ||
| Long Life Apartments | PBV | 114 | Closed | Apr 2018 | $33,496 | ||
| Elizabeth Davis Apartments | PBV | 148 | Closed | Mar 2018 | $37,620 | ||
| JULIA LATHROP MP6 (Northtown)new construction | PBV | 30 | Closed | Jan 2018 | 9% | $602,252 | |
| JULIA LATHROP MP5 (Independence Apartments)new construction | PBV | 30 | Closed | Jan 2018 | 9% | $567,359 | |
| JULIA LATHROP MP4 (John Pennycuff)new construction | PBV | 47 | Closed | Dec 2017 | 4% | $199,451 | |
| Lorraine Hansberry Apartments | PBV | 168 | Closed | Nov 2017 | Yes | $35,103 | |
| JULIA LATHROP CAT1A (Concord at Sheridan)new construction | PBV | 65 | Closed | Nov 2017 | 4% | Yes | $279,511 |
| JULIA LATHROP CAT1C (Diversey Manor)new construction | PBV | 45 | Closed | Oct 2017 | 4% | $143,553 | |
| Julia Lathropnew construction | PBV | 151 | Closed | Sep 2017 | 9% | Yes | $343,147 |
| Robert Lawrence Apts | PBV | 191 | Closed | Aug 2017 | $26,846 | ||
| Judge Fisher Apts | PBV | 199 | Closed | Jun 2017 | $36,499 | ||
| Schneider Apts | PBV | 174 | Closed | May 2017 | Yes | $22,922 | |
| Lincoln Perry Annex | PBV | 442 | Closed | Nov 2016 | $27,891 | ||
| Judge Slater Apts | PBV | 402 | Closed | Oct 2016 | $6,581 | ||
| Minnie Riperton Apartments | PBV | 334 | Closed | Oct 2016 | $44,357 | ||
| Caroline Hedger | PBV | 450 | Closed | Oct 2016 | $37,340 | ||
| Daniel Hudson Burnham Apartments | PBV | 179 | Closed | Sep 2016 | $6,713 | ||
| Henry Horner Superblock | PBV | 95 | Closed | Aug 2016 | 4% | $258,401 | |
| Fannie Emanuel (parkview) Apartments | PBV | 181 | Closed | Dec 2015 | 4% | $264,493 |
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 IL002's remaining units that averages $1,767 a month, against a weighted PBV cap of $2,010 (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. 13 of IL002's 89 projects are already at or above the PBV cap.
| Project | Units | 2026 RAD rent | PBV cap | PBRA cap | 60/40 blend | Rent check |
|---|---|---|---|---|---|---|
| Altgeld Gardens I IL002002000 | 1,541 | $1,889 | $2,250 | $2,454 | $2,176 | Debt |
| Dearborn Homes IL002013000 | 668 | $1,860 | $2,172 | $2,369 | $2,117 | Debt |
| Francis Cabrini RowHouse IL002091000 | 584 | $1,749 | $2,076 | $2,264 | $1,951 | Debt |
| Trumbull Park Homes IL002038000 | 465 | $1,885 | $1,998 | $2,180 | $2,023 | Debt |
| Ella Flagg Young Apartments IL002060000 | 437 | $1,813 | $1,729 | $1,887 | $1,814 | Debt |
| Armour Square IL002046000 | 392 | $1,782 | $1,729 | $1,886 | $1,801 | Debt |
| Lidia Pucinska Apartments IL002043000 | 379 | $1,829 | $1,740 | $1,898 | $1,826 | Debt |
| Mary Hartwell Catherwood Apartments IL002055000 | 358 | $1,833 | $1,737 | $1,895 | $1,826 | Debt |
| Horner Westhaven IL002093000 | 353 | $1,517 | $2,375 | $2,591 | $1,985 | Debt |
| Wentworth Gardens IL002040000 | 343 | $1,892 | $2,177 | $2,375 | $2,133 | Debt |
| Abla IL002001000 | 330 | $1,606 | $2,144 | $2,339 | $1,925 | Debt |
| Julia Lathrop IL002022000 | 326 | $1,895 | $1,887 | $2,058 | $1,961 | Debt |
| Maria Diaz Martinez Apartments IL002072000 | 317 | $1,849 | $1,741 | $1,899 | $1,835 | Debt |
| Lake Park Place IL002018100 | 290 | $1,920 | $1,983 | $2,163 | $2,029 | Debt |
| Mahalia Jackson Apartments IL002041000 | 282 | $1,811 | $1,741 | $1,899 | $1,820 | Debt |
| Zelda Ormes Apartments IL002049000 | 269 | $1,856 | $1,706 | $1,861 | $1,817 | Debt |
| Mary Jane Richardson-Jones Apartments IL002079000 | 267 | $1,832 | $1,703 | $1,858 | $1,806 | Debt |
| Washington Park IL002039000 | 252 | $1,847 | $2,510 | $2,738 | $2,221 | Debt |
| Flannery Apartments IL002044000 | 252 | $1,836 | $1,717 | $1,873 | $1,816 | Debt |
| Wicker Park Annex IL002068000 | 225 | $1,843 | $1,741 | $1,899 | $1,833 | Debt |
| Britton Budd IL002144000 | 173 | $1,584 | $1,710 | $1,866 | $1,683 | Debt |
| Bridgeport Homes IL002003000 | 129 | $1,828 | $2,113 | $2,305 | $2,006 | Debt |
| Alfreda Barnett Duster Apartments IL002042000 | 129 | $1,875 | $1,718 | $1,875 | $1,833 | Debt |
| Frank Lowden Homes IL002025000 | 127 | $1,809 | $2,199 | $2,399 | $2,015 | Debt |
| Ada S. Dennison-McKinley Apartments IL002081000 | 125 | $1,838 | $1,741 | $1,899 | $1,831 | Debt |
| Lawndale Gardens IL002095000 | 121 | $1,929 | $2,163 | $2,360 | $2,073 | Debt |
| Roosevelt Square Phase II IL002133000 | 120 | $1,617 | $2,136 | $2,330 | $1,856 | Debt |
| Pomeroy Apartments IL002152000 | 105 | $1,533 | $1,741 | $1,899 | $1,654 | Debt |
| Kenmore Apartments IL002151000 | 100 | $1,579 | $1,739 | $1,897 | $1,699 | Debt |
| Hilliard Senior-Holsten P2 IL002100000 | 94 | $1,478 | $1,739 | $1,897 | $1,636 | Debt |
| Hilliard Senior-Holsten P1 IL002135000 | 94 | $1,462 | $1,739 | $1,897 | $1,629 | Debt |
| Westhaven Park IL002019000 | 87 | $1,489 | $2,182 | $2,381 | $1,831 | Debt |
| Hansberry Square IL002127000 | 83 | $1,616 | $2,199 | $2,398 | $1,890 | Debt |
| Orchard Park IL002090000 | 81 | $1,529 | $2,062 | $2,250 | $1,778 | Debt |
| Oakwood Shores 2A IL002137000 | 81 | $1,652 | $2,267 | $2,473 | $1,963 | Debt |
| Parkside of Old Town IL002126000 | 72 | $1,712 | $2,191 | $2,390 | $1,973 | Debt |
| Westhaven Park Phase IIB IL002132000 | 70 | $1,489 | $2,225 | $2,428 | $1,862 | Debt |
| Old Town Village West IL002104000 | 66 | $1,578 | $2,008 | $2,190 | $1,775 | Debt |
| Lofts on Arthington IL002167000 | 66 | $1,734 | $1,985 | $2,166 | $1,906 | Debt |
| West End Phase II IL002148000 | 65 | $1,592 | $2,434 | $2,655 | $2,042 | Debt |
| Oakwood Shores 1A IL002113000 | 63 | $1,625 | $2,205 | $2,406 | $1,896 | Debt |
| Oakwood Shores 1B IL002130000 | 63 | $1,534 | $2,159 | $2,355 | $1,833 | Debt |
| Savoy Square IL002146000 | 60 | $1,667 | $2,230 | $2,432 | $1,933 | Debt |
| Park Douglas Phase I IL002149000 | 60 | $1,661 | $2,173 | $2,371 | $1,897 | Debt |
| Rosenwald Courts Apartments IL002166000 | 60 | $1,431 | $1,739 | $1,897 | $1,577 | Debt |
| Presbyterian Homes IL002790100 | 60 | $1,554 | $1,695 | $1,849 | $1,642 | Debt |
| Hilliard Family-Holsten P1 IL002099000 | 59 | $1,586 | $2,173 | $2,370 | $1,928 | Debt |
| Hilliard Family-Holsten P2 IL002134000 | 58 | $1,656 | $2,167 | $2,363 | $1,949 | Debt |
| Jackson Square West End IL002120000 | 57 | $1,687 | $2,266 | $2,472 | $1,953 | Debt |
| Mahalia Place IL002117000 | 54 | $1,643 | $2,196 | $2,396 | $1,902 | Debt |
| Park Boulevard 1B IL002125000 | 54 | $1,561 | $2,192 | $2,392 | $1,862 | Debt |
| Coleman Place IL002139000 | 52 | $1,660 | $2,177 | $2,375 | $1,898 | Debt |
| Sullivan Station IL002128000 | 47 | $1,679 | $2,088 | $2,278 | $1,857 | Debt |
| Westhaven Park Phase IIC IL002141000 | 46 | $1,555 | $2,065 | $2,253 | $1,790 | Debt |
| Park Boulevard 2A IL002159000 | 46 | $1,488 | $1,876 | $2,047 | $1,649 | Debt |
| North Town Village II IL002109000 | 40 | $1,660 | $2,324 | $2,536 | $1,984 | Debt |
| North Town Village IL002028000 | 39 | $1,550 | $2,054 | $2,241 | $1,777 | Debt |
| Parkside of Old Town P2A IL002147000 | 39 | $1,712 | $2,025 | $2,209 | $1,883 | Debt |
| Keystone Place IL002122000 | 38 | $1,721 | $2,240 | $2,444 | $1,954 | Debt |
| Park Boulevard IIB IL002160000 | 37 | $1,659 | $2,065 | $2,253 | $1,839 | Debt |
| Taylor Street Apartments IL002171000 | 37 | $1,676 | $1,840 | $2,007 | $1,767 | Debt |
| Parkside IIB Rental IL002164000 | 36 | $1,687 | $1,983 | $2,163 | $1,841 | Debt |
| Parkside Phase 1B Rental IL002131000 | 35 | $1,602 | $2,038 | $2,224 | $1,849 | Debt |
| Whp Tower IL002121000 | 34 | $1,499 | $1,739 | $1,897 | $1,642 | Debt |
| SS Region 3 IL002033000 | 32 | $1,576 | $2,386 | $2,603 | $1,994 | Debt |
| Jazz on the Boulevard IL002119000 | 30 | $1,859 | $2,111 | $2,303 | $1,938 | Debt |
| Gwendolyn Place IL002163000 | 30 | $1,490 | $2,166 | $2,363 | $1,827 | Debt |
| Langston IL002021000 | 29 | $1,603 | $2,134 | $2,328 | $1,848 | Debt |
| Oakwood Shores (P2 B1) IL002145000 | 29 | $1,600 | $2,340 | $2,552 | $1,965 | Debt |
| Shops and Lofts at 47th IL002161000 | 28 | $1,536 | $1,888 | $2,060 | $1,690 | Debt |
| Quincy IL002020000 | 27 | $1,447 | $2,100 | $2,291 | $1,772 | Debt |
| The Pershing IL002115000 | 27 | $1,406 | $1,829 | $1,995 | $1,594 | Debt |
| Clybourn 1200 IL002170000 | 26 | $1,724 | $1,905 | $2,078 | $1,825 | Debt |
| City Gardens IL002168000 | 25 | $1,538 | $2,127 | $2,321 | $1,824 | Debt |
| Oakwood Shores Phase 2D IL002114000 | 22 | $1,685 | $2,201 | $2,401 | $1,916 | Debt |
| 4400 Grove IL002172000 | 21 | $1,711 | $1,929 | $2,104 | $1,772 | Debt |
| Oakwood Shores Phase 2B2/508 Pershing IL002174000 | 20 | $1,608 | $1,750 | $1,909 | $1,695 | Debt |
| Oakwood Shores Phase 2C IL002153000 | 19 | $1,666 | $1,843 | $2,011 | $1,767 | Debt |
| St Edmunds Oasis Apartments IL002169000 | 19 | $1,557 | $2,302 | $2,511 | $1,921 | Debt |
| Renaissance North IL002098000 | 18 | $1,508 | $2,111 | $2,302 | $1,781 | Debt |
| Mohawk North IL002027000 | 16 | $1,593 | $1,959 | $2,137 | $1,727 | Debt |
| Oldtown Square IL002088000 | 16 | $1,720 | $1,959 | $2,137 | $1,791 | Debt |
| Domain Lofts IL002101000 | 16 | $1,677 | $1,739 | $1,897 | $1,714 | Debt |
| Casa Queretaro IL002165000 | 15 | $1,539 | $1,842 | $2,009 | $1,653 | Debt |
| West End IL002107000 | 14 | $1,401 | $2,523 | $2,753 | $1,958 | Debt |
| St. Edmunds Meadows IL002108000 | 14 | $1,517 | $2,777 | $3,030 | $2,162 | Debt |
| Fountain View IL002124000 | 14 | $1,498 | $2,161 | $2,357 | $1,810 | Debt |
| Dorchester Artist Housing IL002162000 | 12 | $1,479 | $2,335 | $2,548 | $1,910 | Debt |
| SS Region 4 IL002034000 | 2 | $1,629 | $1,959 | $2,137 | $1,827 | 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.