PHA code NY002 · Large PHA · New York
Buffalo Municipal Housing Authority
Buffalo Municipal Housing Authority has closed 3 RAD conversions covering 435 public housing units, with 3 more (337 units) between CHAP and closing. It still has 3,982 public housing units in 22 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 435
- In the pipeline 337
- Still public housing 3,982
Of the closed deals, 2 went to project-based vouchers (PBV) and 1 to project-based rental assistance (PBRA). 3 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 |
|---|---|---|---|---|---|---|---|
| A.d. Price Courts Bnew construction | PBV | 65 | CHAP awarded | CHAP 2026 | |||
| A. D. Price Courtsnew construction | PBV | 105 | Closed | Nov 2025 | 4% | $736,064 | |
| Lakeview Family Homes 2000 | PBV | 134 | CHAP awarded | CHAP 2024 | 4% | ||
| Lakeview on the Park | PBV | 138 | CHAP awarded | CHAP 2024 | 4% | ||
| Comm. Perry Homes & Ext. Rowhousesnew construction | PBRA | 284 | Closed | Apr 2024 | 4% | $443,651 | |
| Comm. Perry Homes & Ext. Rowhouses A | PBV | 46 | Closed | Dec 2017 | 4% | $73,750 |
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 NY002's remaining units that averages $1,202 a month, against a weighted PBV cap of $1,490 (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 |
|---|---|---|---|---|---|---|
| Kenfield Homes NY002000030 | 656 | $1,355 | $1,556 | $1,698 | $1,526 | Debt |
| Shaffer Village & Lasalle Courts NY002000010 | 439 | $1,245 | $1,589 | $1,733 | $1,504 | Debt |
| Comm. Perry Ext. Hr., Slater & Mullen NY002000020 | 390 | $1,201 | $1,401 | $1,529 | $1,368 | Debt |
| Langfield Homes NY002000031 | 310 | $1,398 | $1,636 | $1,785 | $1,596 | Debt |
| Sedita & Stuyvesant Apts. NY002000035 | 249 | $1,117 | $1,251 | $1,364 | $1,241 | Debt |
| Kelly Gardens & Lyndon B. Johnson Apts. NY002000034 | 236 | $1,072 | $1,258 | $1,372 | $1,231 | Debt |
| Ferry-Grider NY002000032 | 210 | $1,064 | $1,551 | $1,692 | $1,383 | Debt |
| Jasper Parrish Place NY002000012 | 193 | $1,419 | $1,763 | $1,924 | $1,679 | Debt |
| A.d. Price Courts NY002000023 | 170 | $861 | $1,335 | $1,456 | $1,191 | Debt |
| Holling Homes, Camden & Elmhurst NY002000011 | 168 | $1,106 | $1,269 | $1,384 | $1,251 | Debt |
| Schwab, Kowal & Msgr. Geary Apts. NY002000033 | 158 | $1,141 | $1,278 | $1,395 | $1,257 | Debt |
| Lakeview on the Park NY002000041 | 138 | $1,176 | $1,367 | $1,492 | $1,244 | Debt |
| Lakeview Family Homes 2000 NY002000042 | 134 | $1,281 | $1,630 | $1,778 | $1,441 | Debt |
| Fd Fed, Redwood, Woodson & Ssc NY002000022 | 108 | $1,314 | $1,626 | $1,774 | $1,487 | Debt |
| AD Price Phase II NY002000044 | 94 | $806 | $1,282 | $1,398 | $1,077 | Debt |
| Comm. Perry Homes & Ext. Rowhouses NY002000021 | 84 | $1,235 | $1,834 | $2,001 | $1,642 | Debt |
| Lower West Side Homes NY002000040 | 61 | $1,317 | $1,940 | $2,116 | $1,631 | Debt |
| A.D. Price - Phase I NY002000043 | 55 | $1,020 | $1,528 | $1,667 | $1,292 | Debt |
| AD Price III NY002000047 | 50 | $1,067 | $1,719 | $1,875 | $1,424 | Debt |
| Walden Park NY002000045 | 34 | $802 | $1,253 | $1,367 | $1,087 | Debt |
| Hertel Park NY002000046 | 30 | $797 | $1,253 | $1,367 | $1,090 | Debt |
| HELP Buffalo II NY002000048 | 15 | $820 | $1,253 | $1,367 | $1,074 | 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.