PHA code MA012 · Large PHA · Massachusetts
Worcester Housing Authority
Worcester Housing Authority has closed 1 RAD conversion covering 29 public housing units, with 1 more (165 units) between CHAP and closing. It still has 2,473 public housing units in 15 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 29
- In the pipeline 165
- Still public housing 2,473
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
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Curtis Innovations | PBV | 29 | Closed | Jun 2026 | |||
| Belmont Tower Apt | PBV | 165 | CHAP awarded | CHAP 2026 |
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 MA012's remaining units that averages $1,348 a month, against a weighted PBV cap of $2,037 (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 |
|---|---|---|---|---|---|---|
| Great Brook Valley Apartments MA012000001 | 556 | $1,786 | $2,563 | $2,796 | $2,305 | Debt |
| Webster Sq Tower Apt Eas MA012000013 | 431 | $1,207 | $1,777 | $1,939 | $1,596 | Debt |
| Lakeside Apartments MA012000020 | 204 | $1,144 | $2,369 | $2,584 | $1,865 | Debt |
| Lincoln Park Tower Apt MA012000008 | 199 | $1,183 | $1,757 | $1,916 | $1,572 | Debt |
| Elm Park Tower Apt MA012000018 | 195 | $1,398 | $1,798 | $1,961 | $1,686 | Debt |
| Murray Ave Apt MA012000006 | 176 | $1,220 | $1,758 | $1,918 | $1,588 | Debt |
| Belmont Tower Apt MA012000012 | 166 | $1,294 | $1,783 | $1,945 | $1,633 | Debt |
| Pleasant Tower Apt MA012000005 | 133 | $1,223 | $1,765 | $1,925 | $1,589 | Debt |
| Mill Pond Apt MA012000003 | 121 | $1,164 | $1,759 | $1,919 | $1,564 | Debt |
| Lafayette Place MA012000021 | 66 | $938 | $1,756 | $1,916 | $1,418 | Debt |
| Providence North St Apt MA012000011 | 55 | $1,763 | $2,946 | $3,214 | $2,482 | Debt |
| Addison St Apt MA012000002 | 50 | $1,211 | $1,757 | $1,917 | $1,585 | Debt |
| John Curran Apartments MA012000019 | 50 | $842 | $1,756 | $1,916 | $1,387 | Debt |
| Booth Apartments MA012000022 | 44 | $955 | $1,759 | $1,919 | $1,453 | Debt |
| Southwest Gdn Apt MA012000017 | 27 | $1,545 | $2,962 | $3,231 | $2,270 | 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.