PHA code SC002 · Large PHA · South Carolina
Housing Authority of the City of Columbia, SC
Housing Authority of the City of Columbia, SC has closed 5 RAD conversions covering 197 public housing units, with 5 more (596 units) between CHAP and closing. It still has 1,403 public housing units in 8 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 197
- In the pipeline 596
- Still public housing 1,403
Of the closed deals, 5 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 2 used low-income housing tax credits and 3 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| Southeast Housing - Lm III - WillowbrookSec. 18 blendnew construction | PBV | 24 | Closed | Jun 2026 | 4% | $224,315 | |
| Southeast Housing - Lm II - Oak GroveSec. 18 blendnew construction | PBV | 24 | Closed | Jun 2026 | 4% | $239,532 | |
| Lmi and Dr I Toa To Capital HeightsSec. 18 blend | PBV | 48 | Closed | Aug 2025 | Yes | $163,340 | |
| Southeast Housing Cat 1Sec. 18 blendnew construction | PBV | 132 | CHAP awarded | CHAP 2025 | |||
| Southeast HousingSec. 18 blend | PBV | 47 | Closed | Nov 2024 | Yes | $99,191 | |
| Gonzalez Gardens - Lewis Scott CourtSec. 18 blend | PBV | 54 | Closed | Jul 2024 | Yes | $90,916 | |
| Northeast Housing - Dr II On-Sitenew construction | PBV | 24 | CHAP awarded | CHAP 2022 | 4% | ||
| Northeast Housing - RosewoodSec. 18 blend | PBV | 76 | RCC issued | CHAP 2022 | Yes | $49,654 | |
| Scattered Sites | PBV | 305 | CHAP awarded | CHAP 2022 | |||
| Central Housing - Celia Saxon | PBV | 59 | CHAP awarded | CHAP 2022 | Yes |
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 SC002's remaining units that averages $1,038 a month, against a weighted PBV cap of $1,580 (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 |
|---|---|---|---|---|---|---|
| Southeast Housing SC002000003 | 505 | $1,173 | $1,751 | $1,910 | $1,486 | Debt |
| Northeast Housing SC002000004 | 388 | $904 | $1,472 | $1,606 | $1,197 | Debt |
| Allen Benedict Court SC002000002 | 205 | $1,116 | $1,737 | $1,895 | $1,411 | Debt |
| Central Housing SC002000005 | 196 | $913 | $1,301 | $1,419 | $1,140 | Debt |
| Gonzales Gardens SC002000001 | 83 | $1,026 | $1,326 | $1,447 | $1,222 | Debt |
| Single Family Acquisition SC002000016 | 24 | $791 | $1,531 | $1,670 | $1,126 | Debt |
| Single Family West SC002000007 | 1 | $1,049 | $1,785 | $1,948 | $1,049 | Debt |
| Single Family Construction SC002000015 | 1 | $756 | $1,404 | $1,531 | $756 | 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.