Conversion Ledger
Menu

PHA code SC003 · Medium PHA · South Carolina

Spartanburg Housing

Spartanburg Housing has closed 7 RAD conversions covering 647 public housing units, with 2 more (70 units) between CHAP and closing. It still has 418 public housing units in 6 projects that HUD's May 2026 rents tool prices for RAD.

Of the closed deals, 5 went to project-based vouchers (PBV) and 2 to project-based rental assistance (PBRA). 4 used low-income housing tax credits and 3 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for SC003, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Kennedy Street ApartmentsPBV10CHAP awardedCHAP 2026
Collins Park, Ridge at Southport and Cottage GrovePBV110ClosedDec 2022Yes$374
Victorian Gardens ApartmentsPBRA80ClosedOct 20209%$131,216
Cammie Clagett Courts Cat 1Anew constructionPBV18ClosedMay 20204%$133,373
Country Garden EstatesPBV10ClosedMar 2020Yes
Cedar Springs PlacePBV19ClosedSep 2019
Cammie Clagett Courts Cat 1PBV60CHAP awardedCHAP 2017
Tobias Booker Hartwell Campus of LearnerPBV338ClosedJan 20169%Yes$33,099
Cammie Clagett Courtsnew constructionPBRA72ClosedApr 20159%$96,249

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 SC003's remaining units that averages $1,028 a month, against a weighted PBV cap of $1,277 (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
Archibald Rutledge SC003000030 150 $947 $1,159 $1,264 $1,113 Debt
Prince Hall Apts SC003000080 100 $1,077 $1,361 $1,485 $1,257 Debt
Camp Croft Courts SC003000100 98 $1,096 $1,363 $1,487 $1,300 Debt
Gooch/archibald Village SC003000020 50 $958 $1,164 $1,269 $1,122 Debt
Single Family Units SC003000040 14 $1,352 $1,618 $1,765 $1,497 Debt
Cambridge Place SC003000180 6 $946 $1,583 $1,727 $1,195 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.

The deal
You

By sending this, you agree that Janover Capital LLC may contact you about your request by email, phone and text at the details you gave, including by automated means. Consent isn't a condition of any service. Message and data rates may apply; reply STOP to opt out. See our Privacy policy and Terms.

This goes to Janover Capital LLC only, not to HUD, FHA or a lender. It is an inquiry, not a loan application, and a person at Janover Capital will reply. Prefer email? hello@rad.loans

Get word of SC003's next RAD closing

Leave your email and we'll write when our refresh of the RAD Resource Desk data shows a new closing for Spartanburg Housing.

Alert emails have not started on this site yet. Sign-ups are saved and wait until they do.

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.