PHA code MO001 · Large PHA · Missouri
St. Louis Housing Authority
St. Louis Housing Authority has closed 1 RAD conversion covering 44 public housing units, with 5 more (574 units) between CHAP and closing. It still has 2,803 public housing units in 32 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 44
- In the pipeline 574
- Still public housing 2,803
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 |
|---|---|---|---|---|---|---|---|
| Clinton Peabody Redevelopment Phase ISec. 18 blendnew construction | PBV | 44 | Closed | Jun 2026 | 9% | $308,220 | |
| Murphy Park Phases II & III | PBRA | 129 | Financing Plan in | CHAP 2026 | 4% | $132,739 | |
| Parkview Apts | PBV | 294 | CHAP awarded | CHAP 2025 | Both | ||
| King Louis Square | PBV | 36 | Financing Plan in | CHAP 2024 | 4% | $88,158 | |
| King Louis Square II | PBV | 44 | CHAP awarded | CHAP 2024 | 4% | ||
| Clinton-Peabody Redevelopment Cat 1Sec. 18 blendnew construction | PBV | 71 | 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 MO001's remaining units that averages $1,019 a month, against a weighted PBV cap of $1,363 (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 |
|---|---|---|---|---|---|---|
| Clinton Peabody MO001000002 | 352 | $1,121 | $1,496 | $1,632 | $1,305 | Debt |
| Parkview Apts MO001000019 | 295 | $983 | $1,093 | $1,193 | $1,102 | Debt |
| Lasalle Park Village MO001000034 | 148 | $1,169 | $1,717 | $1,874 | $1,449 | Debt |
| St Louis City MO001000038 | 143 | $1,022 | $1,259 | $1,374 | $1,158 | Debt |
| St Louis Hsg Auth MO001000041 | 128 | $1,296 | $1,845 | $2,012 | $1,572 | Debt |
| James House MO001000010 | 126 | $961 | $1,091 | $1,190 | $1,090 | Debt |
| Badenhaus MO001000028 | 121 | $952 | $1,080 | $1,178 | $1,067 | Debt |
| Kingsbury MO001000061 | 120 | $1,001 | $1,115 | $1,216 | $1,122 | Debt |
| Euclid Plaza MO001000013 | 108 | $1,000 | $1,100 | $1,199 | $1,110 | Debt |
| West Pine Apartments MO001000017 | 99 | $991 | $1,107 | $1,208 | $1,112 | Debt |
| Vaughn Family MO001000044 | 93 | $995 | $1,611 | $1,757 | $1,286 | Debt |
| Cahill House at Murphy Park MO001000056 | 80 | $882 | $1,104 | $1,204 | $1,036 | Debt |
| Cochran Plaza MO001000037 | 78 | $1,308 | $1,743 | $1,902 | $1,515 | Debt |
| Senior Living at Renaissance Place MO001000054 | 75 | $867 | $1,114 | $1,215 | $1,037 | Debt |
| Senior Living at Cambridge Heights MO001000062 | 75 | $752 | $1,104 | $1,205 | $985 | Debt |
| Arlington Grove MO001000063 | 70 | $983 | $1,477 | $1,612 | $1,253 | Debt |
| Residences at Murphy Park - Phase III MO001000046 | 65 | $1,004 | $1,641 | $1,790 | $1,322 | Debt |
| Vaughn - Murphy Park Phase II MO001000045 | 64 | $1,018 | $1,592 | $1,736 | $1,300 | Debt |
| Renaissance Place MO001000050 | 62 | $983 | $1,557 | $1,699 | $1,287 | Debt |
| North Sarah Phase I MO001000064 | 59 | $905 | $1,503 | $1,640 | $1,210 | Debt |
| Renaissance Place at Grand III MO001000059 | 50 | $1,092 | $1,641 | $1,790 | $1,362 | Debt |
| Cambridge Heights MO001000058 | 46 | $1,010 | $1,480 | $1,614 | $1,229 | Debt |
| North Sarah Phase II MO001000065 | 46 | $922 | $1,388 | $1,515 | $1,160 | Debt |
| King Louis Apartments II MO001000049 | 44 | $846 | $1,392 | $1,519 | $1,128 | Debt |
| Cambridge Heights II MO001000060 | 44 | $1,031 | $1,659 | $1,810 | $1,340 | Debt |
| Les Chateaux MO001000048 | 40 | $915 | $1,156 | $1,261 | $1,081 | Debt |
| King Louis Square MO001000047 | 36 | $819 | $1,364 | $1,488 | $1,098 | Debt |
| Renaissance Place at Grand II MO001000057 | 36 | $1,108 | $1,451 | $1,583 | $1,263 | Debt |
| North Sarah III MO001000066 | 35 | $844 | $1,418 | $1,547 | $1,167 | Debt |
| King Louis Square III MO001000052 | 24 | $988 | $1,507 | $1,644 | $1,246 | Debt |
| Gardens at Renaissance Place MO001000055 | 22 | $950 | $1,117 | $1,218 | $1,073 | Debt |
| Preservation Square I MO001000067 | 19 | $874 | $1,380 | $1,506 | $1,141 | 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.