PHA code NJ009 · Large PHA · New Jersey
Housing Authority of the City of Jersey City
Housing Authority of the City of Jersey City has closed 1 RAD conversion covering 16 public housing units, with 1 more (41 units) between CHAP and closing. It still has 2,413 public housing units in 23 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 16
- In the pipeline 41
- Still public housing 2,413
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 |
|---|---|---|---|---|---|---|---|
| Pacific CourtSec. 18 blend | PBV | 41 | Financing Plan in | CHAP 2026 | $75,249 | ||
| Lafayette IISec. 18 blend | PBV | 16 | Closed | Dec 2024 | 4% | $170,237 |
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 NJ009's remaining units that averages $1,384 a month, against a weighted PBV cap of $3,180 (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 |
|---|---|---|---|---|---|---|
| Berry Grdns NJ009000009 | 360 | $1,188 | $2,710 | $2,956 | $2,143 | Debt |
| Booker T Washington Apts NJ009000003 | 299 | $1,600 | $3,237 | $3,531 | $2,634 | Debt |
| Curries Woods NJ009000008 | 295 | $1,533 | $3,488 | $3,806 | $2,711 | Debt |
| Marion Grdns NJ009000002 | 230 | $1,797 | $3,720 | $4,058 | $2,960 | Debt |
| Hudson Grdns NJ009000004 | 220 | $1,437 | $3,100 | $3,381 | $2,487 | Debt |
| Holland Grdns NJ009000005 | 192 | $1,431 | $3,092 | $3,373 | $2,478 | Debt |
| Montgomery Grdns NJ009000006 | 152 | $1,188 | $3,258 | $3,554 | $2,483 | Debt |
| Lafayette Senior Living Center NJ009000013 | 82 | $1,118 | $2,720 | $2,967 | $2,031 | Debt |
| Lafayette II NJ009000012 | 77 | $1,380 | $3,322 | $3,624 | $2,482 | Debt |
| Gloria Robinson Court Homes II NJ009000019 | 71 | $1,146 | $3,160 | $3,447 | $2,294 | Debt |
| Gloria Robinson Court Homes I NJ009000017 | 58 | $1,268 | $3,438 | $3,751 | $2,500 | Debt |
| Thomas Stewart Apts NJ009000016 | 48 | $1,051 | $2,694 | $2,939 | $2,023 | Debt |
| Woodward Terrace NJ009000015 | 45 | $1,282 | $3,437 | $3,749 | $2,519 | Debt |
| Pacific Court NJ009000014 | 41 | $1,408 | $3,427 | $3,738 | $2,522 | Debt |
| Barbara Place Terrace NJ009000018 | 40 | $1,142 | $3,162 | $3,450 | $2,303 | Debt |
| Ocean Pointe East and West NJ009000020 | 40 | $1,122 | $2,729 | $2,977 | $2,037 | Debt |
| Glenview I NJ009000021 | 38 | $1,151 | $3,090 | $3,370 | $2,224 | Debt |
| Gloria Robinson Court Homes IV NJ009000024 | 27 | $1,158 | $3,197 | $3,488 | $2,351 | Debt |
| Glenview Townhouses II East NJ009000023 | 26 | $1,211 | $3,000 | $3,273 | $2,196 | Debt |
| Montgomery Family I NJ009000026 | 26 | $759 | $2,755 | $3,006 | $1,875 | Debt |
| Gloria Robinson Court Homes III NJ009000022 | 24 | $1,260 | $3,466 | $3,781 | $2,538 | Debt |
| Glenview Townhouses II West NJ009000025 | 12 | $1,370 | $2,927 | $3,193 | $2,232 | Debt |
| Dwight Street Homes NJ009000010 | 10 | $1,345 | $3,962 | $4,323 | $2,865 | 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.