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PHA code NJ015 · Medium PHA · New Jersey

Housing Authority of the City of Hoboken

Housing Authority of the City of Hoboken has closed 1 RAD conversion covering 200 public housing units, with 3 more (945 units) between CHAP and closing. It still has 1,154 public housing units in 4 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). 0 used low-income housing tax credits and 0 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for NJ015, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Andrew Jackson Gdnsnew constructionPBV598CHAP awardedCHAP 2023Both
C Columbus Grdnsnew constructionPBV97CHAP awardedCHAP 2023
Fox Hill GrdnsPBV200ClosedMar 2021$5,654
Monroe & Adams Grdnsnew constructionPBV250CHAP awardedCHAP 20184%

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 NJ015's remaining units that averages $1,464 a month, against a weighted PBV cap of $3,093 (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
Andrew Jackson Grdns NJ015000001 598 $1,564 $3,196 $3,486 $2,594 Debt
Monroe & Adams Grdns NJ015000004 250 $1,228 $2,724 $2,972 $2,175 Debt
Harrison Grdns NJ015000003 209 $1,453 $3,241 $3,536 $2,576 Debt
C Columbus Grdns NJ015000002 97 $1,474 $3,087 $3,367 $2,490 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.