PHA code NV018 · Large PHA · Nevada
Southern Nevada Regional Housing Authority
Southern Nevada Regional Housing Authority has closed 11 RAD conversions covering 1,004 public housing units, with 3 more (89 units) between CHAP and closing. It still has 1,890 public housing units in 12 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 924
- In the pipeline 89
- Still public housing 1,890
Of the closed deals, 10 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 6 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 |
|---|---|---|---|---|---|---|---|
| Bennett Plaza II | PBV | 29 | Financing Plan in | CHAP 2026 | |||
| 28th & Sunrise | PBV | 30 | Financing Plan in | CHAP 2026 | |||
| Wardelle Street Townhouses | PBV | 20 | Closed | Aug 2026 | |||
| Duncan and Edwards | PBV | 30 | RCC issued | CHAP 2026 | |||
| Hullum Homes | PBV | 59 | Closed | Nov 2023 | 9% | $276,405 | |
| James Down TowersSec. 18 blend | PBV | 80 | Closed | Jun 2023 | 4% | $263,552 | |
| Elderly East - Johnson Estates | PBV | 112 | Closed | Nov 2019 | $43 | ||
| Elderly East - Archie Grant Park | PBV | 125 | Closed | Sep 2019 | 9% | $103,494 | |
| Bennett Plaza | PBV | 65 | Closed | Jul 2019 | $679 | ||
| Espinoza Terrace | PBV | 100 | Closed | Jul 2018 | 9% | $137,338 | |
| Rose Garden Senior Apartmentsnew construction | PBV | 120 | Closed | Oct 2017 | 4% | $128,755 | |
| Vera Johnson Manor B | PBV | 104 | Closed | Nov 2016 | |||
| Biegger Estates | PBV | 119 | Closed | May 2016 | 9% | $82,161 | |
| Al Landsman Gardens | PBV | 100 | Closed | Dec 2013 | 4% | Yes | $144,385 |
| Elderly West 1 | PBV | 0 | CHAP Processing - Application Returned to PHA |
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 NV018's remaining units that averages $1,153 a month, against a weighted PBV cap of $2,105 (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 |
|---|---|---|---|---|---|---|
| Family 2 NV018002407 | 325 | $1,292 | $2,237 | $2,440 | $1,852 | Debt |
| Family 3 NV018002408 | 314 | $1,216 | $2,155 | $2,351 | $1,770 | Debt |
| Scattered Sites NV018002409 | 292 | $1,088 | $2,584 | $2,818 | $1,919 | Debt |
| Elderly West 1 NV018002402 | 259 | $1,131 | $1,631 | $1,780 | $1,436 | Debt |
| Henderson NV018002404 | 175 | $1,072 | $1,881 | $2,052 | $1,557 | Debt |
| Elderly West 2 NV018002403 | 174 | $1,120 | $1,587 | $1,731 | $1,431 | Debt |
| Family 1 NV018002406 | 101 | $1,113 | $2,274 | $2,480 | $1,786 | Debt |
| Vera Johnson A NV018002412 | 76 | $1,044 | $2,046 | $2,232 | $1,631 | Debt |
| Otto Merida NV018002405 | 60 | $1,141 | $2,338 | $2,551 | $1,833 | Debt |
| Scattered Sites NV018013016 | 48 | $1,118 | $2,493 | $2,719 | $1,842 | Debt |
| Scattered Sites NV018002310 | 46 | $1,137 | $2,412 | $2,631 | $1,844 | Debt |
| Wardelle Street Townhouses NV018002414 | 20 | $866 | $1,842 | $2,009 | $1,434 | 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.