PHA code NC013 · Medium PHA · North Carolina
Housing Authority of the City of Durham
Housing Authority of the City of Durham has closed 18 RAD conversions covering 883 public housing units, with 6 more (195 units) between CHAP and closing. It still has 1,028 public housing units in 9 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 883
- In the pipeline 195
- Still public housing 1,028
Of the closed deals, 11 went to project-based vouchers (PBV) and 7 to project-based rental assistance (PBRA). 10 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 |
|---|---|---|---|---|---|---|---|
| Mcdougald Terrace Toa Southside Phase IIISec. 18 blend | PBV | 14 | Financing Plan in | CHAP 2026 | |||
| Mcdougald Terrace Toa Southside Phase IVSec. 18 blend | PBV | 9 | Financing Plan in | CHAP 2026 | |||
| Oxford Manor Toa To Bragtown Walknew construction | PBV | 48 | CHAP awarded | CHAP 2026 | |||
| Mcdougald Terrace Toa To Fayette Place 1BSec. 18 blendnew construction | PBV | 30 | Closed | Mar 2026 | 4% | $206,825 | |
| Mcdougald Terrace Toa To Pearson FlatsSec. 18 blendnew construction | PBV | 50 | Financing Plan in | CHAP 2026 | 4% | $240,675 | |
| Oxford Manor Toa To Sandy Ridge StationSec. 18 blendnew construction | PBV | 31 | Closed | Dec 2025 | 4% | $239,908 | |
| Mt Toa To Fayette Place 2Bnew construction | PBV | 19 | CHAP awarded | CHAP 2025 | |||
| MC DOUGALD TERRACE TOA to 500 EAST MAIN STREETSec. 18 blendnew construction | PBV | 53 | Closed | May 2025 | 4% | Yes | $213,835 |
| Commerce StreetSec. 18 blendnew construction | PBV | 44 | Closed | Jun 2024 | 4% | $245,150 | |
| Veranda at Tribute Risingnew construction | PBV | 55 | CHAP awarded | CHAP 2024 | |||
| Mcdougald Terrace Toa To 300 East MainSec. 18 blendnew construction | PBV | 9 | Closed | May 2023 | 4% | $276,225 | |
| Elizabeth Streetnew construction | PBV | 21 | Closed | Apr 2023 | 9% | $249,146 | |
| Goley Pointe Apartments | PBV | 14 | Closed | Apr 2022 | |||
| Liberty St Toa To Jj Henderson - New Constructionnew construction | PBV | 20 | Closed | Jul 2021 | 4% | $165,138 | |
| Willard Street | PBV | 21 | Closed | Jun 2021 | |||
| Jj Henderson - RehabSec. 18 blend | PBV | 133 | Closed | Dec 2020 | 4% | Yes | $69,899 |
| Laurel Oaks | PBV | 30 | Closed | Mar 2020 | $35,580 | ||
| Morrene Road | PBRA | 224 | Closed | Dec 2017 | 4% | Yes | $47,362 |
| Damar Court | PBRA | 102 | Closed | Dec 2017 | 4% | Yes | $118,047 |
| Edgemont Elms Apartments | PBRA | 16 | Closed | Dec 2017 | |||
| Calvert Place | PBRA | 43 | Closed | Nov 2017 | |||
| Holman Homes | PBRA | 46 | Closed | Nov 2017 | |||
| Main Street Townhomes | PBRA | 21 | Closed | Nov 2017 | |||
| Morning Glory Senior Village | PBRA | 25 | Closed | Nov 2017 | |||
| Cornwallis Rd | PBV | 0 | CHAP Processing - Under SME Review |
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 NC013's remaining units that averages $1,327 a month, against a weighted PBV cap of $2,175 (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 |
|---|---|---|---|---|---|---|
| Mcdougald Ter NC013000001 | 338 | $1,290 | $2,150 | $2,346 | $1,853 | Debt |
| Cornwallis Rd NC013000005 | 200 | $1,350 | $2,288 | $2,496 | $1,966 | Debt |
| Oxford Manor NC013000012 | 172 | $1,579 | $2,478 | $2,703 | $2,173 | Debt |
| 519 East Main Street NC013000004 | 81 | $1,026 | $1,624 | $1,771 | $1,421 | Debt |
| Club Boulevard NC013000007 | 77 | $1,511 | $2,463 | $2,687 | $2,135 | Debt |
| Forest Hill Heights NC013000014 | 55 | $1,000 | $1,622 | $1,769 | $1,415 | Debt |
| Hoover Rd NC013000008 | 54 | $1,442 | $2,431 | $2,652 | $2,081 | Debt |
| Scattered Sites NC013000003 | 50 | $1,060 | $1,634 | $1,782 | $1,447 | Debt |
| Worth Street NC013000032 | 1 | $1,219 | $2,329 | $2,540 | $1,219 | 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.