PHA code IL012 · Medium PHA · Illinois
Decatur Housing Authority
Decatur Housing Authority has no closed RAD conversions in HUD's data, with 3 more (203 units) between CHAP and closing. It still has 682 public housing units in 7 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 0
- In the pipeline 203
- Still public housing 682
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Wabash Crossing | PBRA | 100 | CHAP awarded | CHAP 2023 | |||
| Wabash Crossing II | PBRA | 68 | CHAP awarded | CHAP 2023 | |||
| Wabash Crossing Phase III | PBRA | 35 | CHAP awarded | CHAP 2023 |
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 IL012's remaining units that averages $1,010 a month, against a weighted PBV cap of $1,166 (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. 1 of IL012's 7 projects are already at or above the PBV cap.
| Project | Units | 2026 RAD rent | PBV cap | PBRA cap | 60/40 blend | Rent check |
|---|---|---|---|---|---|---|
| Decatur IL012000028 | 151 | $845 | $978 | $1,067 | $928 | Debt |
| Decatur IL012000022 | 120 | $970 | $1,066 | $1,163 | $1,023 | Debt |
| Decatur IL012000023 | 112 | $892 | $1,073 | $1,170 | $988 | Debt |
| Wabash Crossing IL012000015 | 100 | $1,268 | $1,261 | $1,375 | $1,170 | Debt |
| Scattered Sites IL012000024 | 95 | $1,121 | $1,513 | $1,651 | $1,309 | Debt |
| Wabash Crossing II IL012000016 | 69 | $1,075 | $1,243 | $1,356 | $1,078 | Debt |
| Wabash Crossing Phase III IL012000017 | 35 | $1,076 | $1,258 | $1,373 | $1,076 | 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.