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PHA code NV001 · Medium PHA · Nevada

Housing Authority of the City of Reno

Housing Authority of the City of Reno has closed 1 RAD conversion covering 60 public housing units, with 1 more (24 units) between CHAP and closing. It still has 751 public housing units in 8 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). 1 used low-income housing tax credits and 0 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for NV001, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Myra Birch ManorPBV24CHAP awardedCHAP 2026
Silverada ManorSec. 18 blendPBV60ClosedOct 20244%$247,912

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 NV001's remaining units that averages $855 a month, against a weighted PBV cap of $2,037 (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
Silverada Manor NV001000103 149 $838 $1,783 $1,945 $1,420 Debt
Mineral Manor NV001000101 144 $907 $2,290 $2,498 $1,706 Debt
Essex Manor NV001000109 105 $899 $2,302 $2,512 $1,715 Debt
Tom Sawyer Village NV001000102 100 $777 $1,694 $1,848 $1,323 Debt
Hawk View Apartments NV001000107 99 $871 $2,057 $2,244 $1,580 Debt
Stead Manor NV001000106 67 $912 $2,310 $2,520 $1,737 Debt
Myra Birch Manor NV001000110 53 $842 $2,057 $2,244 $1,532 Debt
JOHN McGRAW COURT NV001000118 34 $654 $1,638 $1,787 $1,222 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.

The deal
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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.