PHA code NJ010 · Large PHA · New Jersey
Housing Authority of the City of Camden
Housing Authority of the City of Camden has closed 10 RAD conversions covering 751 public housing units, with 4 more (186 units) between CHAP and closing. It still has 1,145 public housing units in 15 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 751
- In the pipeline 186
- Still public housing 1,145
Of the closed deals, 10 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 9 used low-income housing tax credits and 1 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Ablett Vlg Phase 4new construction | PBV | 29 | Closed | Jun 2026 | 4% | $347,836 | |
| Westfield Twrs | PBV | 103 | CHAP awarded | CHAP 2026 | 4% | ||
| Ablett Village Phase 3B Cat2new construction | PBV | 2 | CHAP awarded | CHAP 2025 | 9% | ||
| Ablett Village Phase 3B Cat3new construction | PBV | 38 | CHAP awarded | CHAP 2025 | 9% | ||
| Ablett Vlg Phase 3 Cat1anew construction | PBV | 75 | Closed | Mar 2025 | 9% | $280,932 | |
| Chelton Terrace Phase I | PBV | 66 | Closed | Nov 2022 | $5,488 | ||
| Ablett Vlg Phase 2new construction | PBV | 51 | Closed | Sep 2022 | 9% | $182,763 | |
| Ablett Vlg Phase 1new construction | PBV | 68 | Closed | Dec 2021 | 9% | $215,133 | |
| Ablett Vlg Phase 3Bnew construction | PBV | 43 | CHAP awarded | CHAP 2020 | 9% | ||
| Mcguire Grdns | PBV | 252 | Closed | Nov 2019 | 4% | Yes | $64,210 |
| Branch Village Phase 4new construction | PBV | 58 | Closed | Nov 2019 | 9% | $200,053 | |
| Branch Village Phase 3new construction | PBV | 68 | Closed | Aug 2019 | 9% | $211,166 | |
| Branch Village Phase 2new construction | PBV | 72 | Closed | Oct 2018 | 9% | $202,499 | |
| Branch Villagenew construction | PBV | 12 | Closed | Nov 2016 | Both | $179,710 |
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 NJ010's remaining units that averages $1,230 a month, against a weighted PBV cap of $1,979 (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 |
|---|---|---|---|---|---|---|
| Ablett Vlg NJ010000001 | 187 | $1,455 | $2,070 | $2,259 | $1,819 | Debt |
| Mickle Twrs NJ010000018 | 104 | $1,161 | $1,589 | $1,733 | $1,462 | Debt |
| Westfield Twrs NJ010000017 | 103 | $1,207 | $1,661 | $1,813 | $1,523 | Debt |
| Chelton Terrace Phase II NJ010000004 | 101 | $1,215 | $2,197 | $2,397 | $1,755 | Debt |
| Kennedy Twrs NJ010000016 | 99 | $1,240 | $1,676 | $1,829 | $1,547 | Debt |
| Baldwins Run NJ010000013 | 78 | $1,150 | $2,150 | $2,346 | $1,669 | Debt |
| Baldwin Run Senior Building NJ010000019 | 74 | $879 | $1,685 | $1,838 | $1,315 | Debt |
| Baldwins Run II NJ010000015 | 73 | $1,350 | $2,386 | $2,603 | $1,883 | Debt |
| Roosevelt Manor Phases 9 & 10 NJ010000009 | 59 | $1,219 | $2,151 | $2,346 | $1,733 | Debt |
| Branch Vllage/Roosevelt Manor Phase 2 NJ010000010 | 58 | $1,195 | $2,096 | $2,286 | $1,657 | Debt |
| Roosevelt Manor - Phase V NJ010000008 | 57 | $1,140 | $2,018 | $2,202 | $1,616 | Debt |
| Roosevelt Manor - Phase VII NJ010000011 | 48 | $1,180 | $2,143 | $2,337 | $1,676 | Debt |
| Roosevelt Manor - Phase 12 NJ010000012 | 47 | $1,189 | $2,113 | $2,305 | $1,675 | Debt |
| CARPENTERS HILL (NORTH 32nd STREET) NJ010000014 | 30 | $1,332 | $2,281 | $2,489 | $1,850 | Debt |
| Morgan Village NJ010000020 | 27 | $1,229 | $2,020 | $2,203 | $1,639 | 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.