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PHA code OH006 · Large PHA · Ohio

Lucas Metropolitan Housing Authority

Lucas Metropolitan Housing Authority has closed 2 RAD conversions covering 162 public housing units, with 2 more (174 units) between CHAP and closing. It still has 2,592 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 1 to project-based rental assistance (PBRA). 2 used low-income housing tax credits and 2 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for OH006, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Central 3 - Amp 133PBRA154CHAP awardedCHAP 2023
Central 3 - Amp 133 Enew constructionPBRA20CHAP awardedCHAP 20214%
Collingwood Green IIInew constructionPBV28ClosedNov 20189%Yes$258,314
Parqwood ApartmentsPBRA134ClosedOct 20144%Yes$38,936

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 OH006's remaining units that averages $1,070 a month, against a weighted PBV cap of $1,181 (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
East 2 - Amp 122 OH006000122 496 $1,225 $1,396 $1,523 $1,344 Debt
Central 1 - Amp 131 OH006000131 482 $1,103 $1,156 $1,261 $1,159 Debt
West 2 - Amp 112 OH006000112 440 $998 $1,050 $1,145 $1,043 Debt
East 1 - Amp 121 OH006000121 425 $977 $1,122 $1,225 $1,107 Debt
West 1 - Amp 111 OH006000111 359 $1,073 $1,229 $1,341 $1,170 Debt
Central 3 - Amp 133 OH006000133 323 $1,064 $1,102 $1,202 $1,103 Debt
Collingwood Green, Phase II OH006000135 34 $823 $1,282 $1,398 $1,046 Debt
COLLINGWOOD GREEN, Phase 1 OH006000134 33 $711 $970 $1,058 $841 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.

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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.