PHA code NY041 · Large PHA · New York
Rochester Housing Authority
Rochester Housing Authority has closed 6 RAD conversions covering 270 public housing units, with 2 more (199 units) between CHAP and closing. It still has 2,186 public housing units in 12 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 270
- In the pipeline 199
- Still public housing 2,186
Of the closed deals, 6 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 2 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 |
|---|---|---|---|---|---|---|---|
| Holland Townhouses Redevelopmentnew construction | PBV | 72 | CHAP awarded | CHAP 2025 | 9% | ||
| Parliament Arms & Luther CircleSec. 18 blendnew construction | PBV | 46 | Closed | Oct 2023 | 4% | $302,860 | |
| Scattered Site & Federal Street Townhouse Rdvnew construction | PBV | 42 | Closed | May 2023 | 9% | $394,571 | |
| Glenwood Gardens Redevelopmentnew construction | PBV | 127 | CHAP awarded | CHAP 2022 | 4% | ||
| Parkside Apartments | PBV | 22 | Closed | May 2020 | $328 | ||
| Blackwell | PBV | 100 | Closed | May 2017 | |||
| Dte&w/glide/jon Child | PBV | 40 | Closed | May 2017 | |||
| Kennedy/elmdorf | PBV | 20 | Closed | May 2017 | $110 |
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 NY041's remaining units that averages $1,043 a month, against a weighted PBV cap of $1,644 (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 |
|---|---|---|---|---|---|---|
| Parliament/H-R/Seneca Mnr TH NY041000442 | 396 | $1,016 | $1,534 | $1,673 | $1,348 | Debt |
| Lake Tower/Tubman NY041000113 | 341 | $1,039 | $1,594 | $1,738 | $1,386 | Debt |
| DTE&W/Kennedy/Jon Child NY041000222 | 313 | $976 | $1,361 | $1,485 | $1,241 | Debt |
| Lexington Court/Glenwood NY041000112 | 240 | $943 | $1,463 | $1,596 | $1,232 | Debt |
| 161/261/361/Capsule NY041000361 | 237 | $1,154 | $2,046 | $2,233 | $1,620 | Debt |
| Bay Zimmer/Holland/Gantt/Parkside NY041000554 | 216 | $1,103 | $1,763 | $1,923 | $1,471 | Debt |
| Luther/Bronson/UT/Atlantic NY041000334 | 190 | $1,024 | $1,494 | $1,630 | $1,323 | Debt |
| 461/561/Federal St NY041000562 | 164 | $1,203 | $2,046 | $2,232 | $1,644 | Debt |
| Carlson Commons NY041000997 | 35 | $943 | $1,994 | $2,175 | $1,511 | Debt |
| Plymouth Manor NY041000998 | 35 | $957 | $2,056 | $2,243 | $1,550 | Debt |
| Anthony Square NY041000999 | 15 | $1,113 | $1,990 | $2,171 | $1,575 | Debt |
| Scattered Sites NY041000561 | 4 | $1,303 | $2,291 | $2,500 | $1,745 | 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.