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PHA code NY006 · Medium PHA · New York

Municipal Housing Authority of the City of Utica, New York d/b/a People First

Municipal Housing Authority of the City of Utica, New York d/b/a People First has closed 1 RAD conversion covering 28 public housing units, with 1 more (64 units) between CHAP and closing. It still has 896 public housing units in 5 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 NY006, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Parkway Gardens IInew constructionPBV64CHAP awardedCHAP 2026Both
Adrean Terr., Nd Peters, & Fx Mattsnew constructionPBV28ClosedApr 20269%$349,294

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 NY006's remaining units that averages $1,179 a month, against a weighted PBV cap of $1,290 (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
Adrean Terr.,nd Peters, & Fx Matts NY006000001 361 $1,245 $1,344 $1,466 $1,335 Debt
Gillmore/humphrey/hamilton/dup NY006000003 331 $1,213 $1,326 $1,446 $1,325 Debt
Perretta Twin Towers & Marino-Ruggiero NY006000004 158 $1,023 $1,034 $1,128 $1,066 Debt
Steuben Village NY006000002 25 $906 $1,407 $1,535 $1,167 Debt
Rutger Manor NY006000013 21 $997 $1,564 $1,707 $1,240 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.