PHA code PA004 · Medium PHA · Pennsylvania
Allentown Housing Authority
Allentown Housing Authority has closed 3 RAD conversions covering 210 public housing units. It still has 987 public housing units in 10 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 210
- In the pipeline 0
- Still public housing 987
Of the closed deals, 1 went to project-based vouchers (PBV) and 2 to project-based rental assistance (PBRA). 1 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 |
|---|---|---|---|---|---|---|---|
| Overlook Park 1A | PBRA | 80 | Closed | Oct 2016 | |||
| Overlook Park 2A | PBRA | 60 | Closed | Oct 2016 | |||
| Cumberland Gardensnew construction | PBV | 70 | Closed | Dec 2013 | 9% | $128,315 |
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 PA004's remaining units that averages $1,008 a month, against a weighted PBV cap of $1,650 (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 |
|---|---|---|---|---|---|---|
| Walnut Manor PA004000800 | 150 | $902 | $1,488 | $1,623 | $1,297 | Debt |
| John Gross Towers PA004000300 | 147 | $941 | $1,425 | $1,555 | $1,272 | Debt |
| 700 Building PA004000700 | 139 | $928 | $1,468 | $1,601 | $1,293 | Debt |
| Towers East PA004000200 | 129 | $926 | $1,485 | $1,620 | $1,303 | Debt |
| Central Park PA004000100 | 103 | $928 | $1,475 | $1,609 | $1,296 | Debt |
| Little Lehigh PA004000500 | 76 | $1,381 | $2,224 | $2,426 | $1,933 | Debt |
| Scatter Site PA004000600 | 75 | $1,325 | $2,085 | $2,275 | $1,731 | Debt |
| Cumberland Phase I Rehab PA004000410 | 62 | $1,219 | $1,959 | $2,137 | $1,709 | Debt |
| Cumberland Garden Phase 3 (Rehab) PA004000440 | 56 | $1,005 | $1,974 | $2,154 | $1,606 | Debt |
| Overlook Park 2B PA004000930 | 50 | $825 | $1,815 | $1,980 | $1,339 | 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.