PHA code NC011 · Medium PHA · North Carolina
Housing Authority of the City of Greensboro (NC011)
Housing Authority of the City of Greensboro has closed 20 RAD conversions covering 1,848 public housing units, with 1 more (179 units) between CHAP and closing. It still has 389 public housing units in 6 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 1,848
- In the pipeline 179
- Still public housing 389
Of the closed deals, 19 went to project-based vouchers (PBV) and 1 to project-based rental assistance (PBRA). 11 used low-income housing tax credits and 4 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Smith Homesnew construction | PBV | 179 | CHAP awarded | CHAP 2026 | Both | ||
| Windhill Apartments | PBRA | 10 | Closed | Jul 2026 | 9% | $108,639 | |
| The Havens at Willow Oaks | PBV | 60 | Closed | Nov 2021 | $7,756 | ||
| Applewood | PBV | 50 | Closed | Nov 2017 | 4% | $50,902 | |
| Laurel Oaks | PBV | 50 | Closed | Nov 2017 | 4% | $44,881 | |
| Pear Leaf | PBV | 50 | Closed | Nov 2017 | 4% | $42,300 | |
| Ray Warren Homes | PBV | 236 | Closed | Nov 2017 | 4% | $36,199 | |
| River Birch | PBV | 50 | Closed | Nov 2017 | 4% | $51,193 | |
| Silver Briar | PBV | 50 | Closed | Nov 2017 | 4% | $43,907 | |
| Stoneridge | PBV | 50 | Closed | Nov 2017 | 9% | $47,448 | |
| Woodberry, Baylor | PBV | 50 | Closed | Nov 2017 | 4% | $47,779 | |
| Foxworth Subdivision B | PBV | 48 | Closed | Nov 2017 | $2,538 | ||
| North Pointe at Hicone I | PBV | 6 | Closed | May 2017 | |||
| Abby Courts | PBV | 14 | Closed | Nov 2015 | $947 | ||
| Clarmont Courts | PBV | 250 | Closed | Nov 2015 | 4% | $24,206 | |
| Gateway Plaza | PBV | 220 | Closed | Nov 2015 | Yes | $9,887 | |
| Hall Towers | PBV | 154 | Closed | Nov 2015 | Yes | $8,576 | |
| Hickory Trails | PBV | 127 | Closed | Nov 2015 | Yes | $12,472 | |
| Lakespring | PBV | 59 | Closed | Nov 2015 | 4% | $49,770 | |
| Woodland Village | PBV | 27 | Closed | Nov 2015 | $19,083 | ||
| Hampton Homes | PBV | 287 | Closed | Jun 2015 | Yes | $9,586 |
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 NC011's remaining units that averages $1,022 a month, against a weighted PBV cap of $1,510 (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 |
|---|---|---|---|---|---|---|
| Smith Homes NC011001005 | 228 | $1,143 | $1,537 | $1,676 | $1,380 | Debt |
| Townhomes at Willow Oaks NC011033110 | 70 | $861 | $1,534 | $1,674 | $1,238 | Debt |
| The Villas at Willow Oaks NC011032105 | 40 | $849 | $1,344 | $1,466 | $1,123 | Debt |
| Parkview Apartments NC011030095 | 25 | $829 | $1,463 | $1,596 | $1,197 | Debt |
| Windhill Court Apartments NC011035120 | 16 | $776 | $1,399 | $1,526 | $1,117 | Debt |
| Windhill Apartments NC011031110 | 10 | $949 | $1,668 | $1,820 | $1,374 | 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.