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PHA code MS040 · Small PHA · Mississippi

Mississippi Regional Housing Authority No. VIII

Mississippi Regional Housing Authority No. VIII has closed 10 RAD conversions covering 931 public housing units. It still has 157 public housing units in 5 projects that HUD's May 2026 rents tool prices for RAD.

Of the closed deals, 10 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

RAD Component 1 conversions for MS040, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Hillcrest/n `side HomesPBV86ClosedNov 2014
Walley/rich RitchiePBV57ClosedAug 2014
Guice PlacePBV23ClosedJul 2014
Woodward Park 1PBV75ClosedJul 2014
Dan Stepney HomesPBV134ClosedJun 2014
Patterson HomesPBV70ClosedJun 2014
Belle Ville PlacePBV144ClosedJun 2014
Bayou Casotte HomesPBV65ClosedJun 2014
Brooks AddnPBV133ClosedJun 2014
Pecan Circle HomesPBV144ClosedJun 2014

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 MS040's remaining units that averages $692 a month, against a weighted PBV cap of $1,106 (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.

Unconverted public housing projects, May 2026 RAD rents tool
Project Units 2026 RAD rent PBV cap PBRA cap 60/40 blend
North Park Estates Phase 1 MS040000023 42 $630 $1,104 $1,204 $847 Debt
Sanderson Village MS040000022 40 $692 $1,135 $1,238 $922 Debt
Preserve at Fairground Village MS040000016 27 $801 $1,254 $1,368 $989 Debt
McIntosh Homes MS040000017 25 $650 $861 $939 $743 Debt
Azalea Gardens MS040000018 23 $726 $1,152 $1,256 $907 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.

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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.