PHA code KY001 · Large PHA · Kentucky
Louisville Metro Housing Authority
Louisville Metro Housing Authority has closed 1 RAD conversion covering 21 public housing units, with 1 more (225 units) between CHAP and closing. It still has 3,763 public housing units in 28 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 21
- In the pipeline 225
- Still public housing 3,763
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 |
|---|---|---|---|---|---|---|---|
| Avenue Plaza | PBRA | 225 | CHAP awarded | CHAP 2026 | 4% | ||
| Beecher IVnew construction | PBV | 21 | Closed | Aug 2023 | 4% | $262,427 |
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 KY001's remaining units that averages $1,057 a month, against a weighted PBV cap of $1,365 (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 |
|---|---|---|---|---|---|---|
| Dosker Manor KY001000012 | 692 | $973 | $1,159 | $1,265 | $1,129 | Debt |
| Parkway Pl KY001000003 | 640 | $1,228 | $1,448 | $1,580 | $1,409 | Debt |
| Hope VI Scattered Sites KY001000034 | 375 | $1,204 | $1,474 | $1,608 | $1,398 | Debt |
| Avenue Plaza KY001000014 | 298 | $997 | $1,218 | $1,328 | $1,168 | Debt |
| Fegenbush-Whipps Mill KY001000017 | 231 | $1,511 | $1,640 | $1,789 | $1,638 | Debt |
| St Catherine Ct KY001000013 | 159 | $1,006 | $1,122 | $1,224 | $1,117 | Debt |
| Sheppard Square HOPE VI Replacements KY001000061 | 157 | $908 | $1,279 | $1,395 | $1,160 | Debt |
| Lourdes Hall KY001000018 | 153 | $982 | $1,149 | $1,254 | $1,126 | Debt |
| PARK DUVAL Phase IV KY001000032 | 134 | $939 | $1,557 | $1,698 | $1,247 | Debt |
| Liberty Green III KY001000051 | 127 | $835 | $1,415 | $1,543 | $1,147 | Debt |
| Liberty Green Rental Phase I KY001000049 | 94 | $849 | $1,332 | $1,454 | $1,093 | Debt |
| Park DuValle Phase II KY001000030 | 92 | $957 | $1,577 | $1,721 | $1,261 | Debt |
| Sheppard Rental ACD KY001000058 | 87 | $1,035 | $1,568 | $1,710 | $1,277 | Debt |
| Park Duv All KY001000031 | 78 | $976 | $1,306 | $1,425 | $1,170 | Debt |
| Clarksdale I Scattered 69 KY001000047 | 68 | $896 | $1,788 | $1,950 | $1,266 | Debt |
| Chauncey KY001000027 | 59 | $948 | $1,604 | $1,750 | $1,260 | Debt |
| Sheppard Rental EF KY001000060 | 57 | $989 | $1,604 | $1,749 | $1,275 | Debt |
| Sheppard Rental B KY001000057 | 50 | $1,058 | $1,508 | $1,645 | $1,254 | Debt |
| Liberty Green IV KY001000052 | 48 | $781 | $1,327 | $1,448 | $1,060 | Debt |
| Liberty Green Rental Phase II KY001000050 | 42 | $801 | $1,404 | $1,531 | $1,122 | Debt |
| Sheppard PCC KY001000062 | 31 | $820 | $1,200 | $1,309 | $978 | Debt |
| Stephen Foster Senior Living Plus KY001000043 | 18 | $740 | $1,152 | $1,256 | $921 | Debt |
| The Friary KY001000064 | 18 | $734 | $1,152 | $1,256 | $513 | Debt |
| Wilart Arms Apartments KY001000055 | 15 | $932 | $1,366 | $1,490 | $1,223 | Debt |
| Downtown Scholar House KY001000054 | 11 | $893 | $1,399 | $1,526 | $1,113 | Debt |
| St. Francis KY001000036 | 10 | $816 | $1,199 | $1,308 | $1,070 | Debt |
| Village Manor Apartments KY001000046 | 10 | $940 | $1,399 | $1,526 | $1,247 | Debt |
| NSP Homes KY001000056 | 9 | $1,294 | $1,788 | $1,950 | $1,585 | 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.