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PHA code OK002 · Large PHA · Oklahoma

Oklahoma City Housing Authority

Oklahoma City Housing Authority has closed 2 RAD conversions covering 315 public housing units, with 3 more (500 units) between CHAP and closing. It still has 2,716 public housing units in 10 projects that HUD's May 2026 rents tool prices for RAD.

Of the closed deals, 2 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 1 used low-income housing tax credits and 1 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for OK002, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Reding Center & AnnexPBV111RCC issuedCHAP 2023$6,236
Shartel TowersPBV101CHAP awardedCHAP 2023
Candle Lake Senior CenterPBV202ClosedDec 2022$1,862
Oak Grovenew constructionPBV288CHAP awardedCHAP 20204%
Scattered SitesSec. 18 blendPBV113ClosedOct 20184%Yes$107,227

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 OK002's remaining units that averages $1,032 a month, against a weighted PBV cap of $1,370 (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
Scattered Sites OK002002013 446 $1,245 $1,771 $1,932 $1,494 Debt
Will Rogers Courts OK002002001 354 $951 $1,258 $1,372 $1,155 Debt
Jeltz Senior Center OK002002425 342 $931 $1,120 $1,222 $1,065 Debt
Andrews Square OK002002018 312 $880 $1,120 $1,222 $1,041 Debt
Shartel Towers OK002002011 302 $858 $1,086 $1,185 $1,018 Debt
Scattered Sites OK002002007 288 $1,143 $1,760 $1,920 $1,492 Debt
The Towers Apartments OK002002809 239 $895 $1,062 $1,159 $1,027 Debt
Ambassador Courts OK002002012 200 $1,081 $1,605 $1,751 $1,365 Debt
Scattered Sites OK002002084 159 $1,345 $1,432 $1,562 $1,336 Debt
Fred Factory Gardens OK002002014 74 $1,150 $1,567 $1,710 $1,379 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.