PHA code MD004 · Large PHA · Maryland
Housing Opportunities Commission of Montgomery County
Housing Opportunities Commission of Montgomery County has closed 10 RAD conversions covering 851 public housing units. HUD’s rents tool lists no unconverted public housing for it.
- Converted 851
- In the pipeline 0
- Still public housing 0
Of the closed deals, 3 went to project-based vouchers (PBV) and 7 to project-based rental assistance (PBRA). 5 used low-income housing tax credits and 6 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Elizabeth House IIISec. 18 blendnew construction | PBRA | 80 | Closed | Mar 2020 | 4% | Yes | $285,334 |
| Elizabeth Housenew construction | PBRA | 30 | Closed | Jul 2019 | 4% | $208,939 | |
| Victory Crossing | PBV | 49 | Closed | May 2018 | |||
| Toa 900 Thayer LPnew construction | PBRA | 22 | Closed | Jan 2018 | 9% | Yes | $359,703 |
| Toa 900 Thayer Nine LPnew construction | PBRA | 62 | Closed | Jan 2018 | Yes | $323,211 | |
| Arcola Towers | PBRA | 141 | Closed | Dec 2015 | 4% | Yes | $89,076 |
| Waverly House | PBRA | 145 | Closed | Dec 2015 | 4% | Yes | $84,874 |
| Vpc 1 - Pbv | PBV | 55 | Closed | Feb 2015 | |||
| Vpc 2 - Pbv | PBV | 58 | Closed | Feb 2015 | |||
| RAD 6 - Pbra | PBRA | 209 | Closed | Dec 2014 | Yes | $84,302 |
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.