Conversion Ledger
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PHA code NC006 · Medium PHA · North Carolina

Housing Authority of the City of High Point

Housing Authority of the City of High Point has closed 1 RAD conversion covering 28 public housing units. It still has 900 public housing units in 14 projects that HUD's May 2026 rents tool prices for RAD.

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

RAD Component 1 conversions for NC006, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Daniel Brooks Annex 2new constructionPBV28ClosedDec 20224%$235,414

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 NC006's remaining units that averages $1,124 a month, against a weighted PBV cap of $1,612 (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
Elm Towers NC006000008 150 $919 $1,319 $1,439 $1,199 Debt
Juanita Hills NC006000009 140 $1,218 $1,556 $1,698 $1,469 Debt
Carson Stout Homes NC006000004 116 $1,514 $2,100 $2,291 $1,917 Debt
Astor Dowdy Towers NC006000003 106 $939 $1,324 $1,445 $1,207 Debt
J.c. Morgan Courts NC006000006 94 $1,346 $1,792 $1,955 $1,662 Debt
Scattered Sites B NC006000012 77 $1,284 $1,607 $1,753 $1,527 Debt
Beamon Courts NC006000005 60 $1,148 $1,485 $1,620 $1,397 Debt
Scattered Sites 620 NC006000017 49 $952 $1,840 $2,007 $1,437 Debt
Deep River Development NC006000019 31 $918 $1,873 $2,044 $1,431 Debt
Spring Brook Meadows Senior Villas NC006000021 18 $626 $1,370 $1,495 $936 Debt
Park Terrace Phase 2 (Clara Cox II) NC006000024 17 $799 $1,665 $1,816 $1,284 Debt
Park Terrace Phase I (Clara Cox I) NC006000023 15 $802 $1,646 $1,796 $1,292 Debt
RHF Scattered Sites NC006000022 14 $919 $1,844 $2,012 $1,415 Debt
Park Terrace III NC006000025 13 $656 $1,404 $1,531 $1,043 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.