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PHA code SC027 · Medium PHA · South Carolina

Housing Authority of Florence

Housing Authority of Florence has closed 1 RAD conversion covering 64 public housing units, with 1 more (166 units) between CHAP and closing. It still has 809 public housing units in 12 projects that HUD's May 2026 rents tool prices for RAD.

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

Conversions

RAD Component 1 conversions for SC027, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Oakland Place ApartmentsSec. 18 blendnew constructionPBRA64ClosedOct 20269%$235,196
Church Hill ApartmentsSec. 18 blendPBRA166RCC issuedCHAP 20244%$143,163

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 SC027's remaining units that averages $972 a month, against a weighted PBV cap of $1,313 (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
Church Hill SC027000003 166 $1,046 $1,371 $1,496 $1,229 Debt
Select Houses/bridgeland SC027000020 150 $1,030 $1,594 $1,739 $1,299 Debt
Pine Pk/clyde Ct/lakota Pl SC027000002 102 $838 $1,067 $1,164 $958 Debt
Creekside Village SC027000012 100 $859 $1,057 $1,153 $1,023 Debt
Oakland Place SC027000004 64 $1,029 $1,330 $1,451 $1,196 Debt
Parkview Plaza SC027000011 60 $1,034 $1,278 $1,394 $1,174 Debt
Bridgeland SC027000010 50 $1,027 $1,324 $1,445 $1,200 Debt
Pine Acres SC027000021 40 $1,055 $1,611 $1,758 $1,321 Debt
Eastcrest SC027000031 34 $840 $993 $1,083 $899 Debt
Waverly SC027000005 20 $1,079 $1,438 $1,569 $1,283 Debt
J. O. Smith Villas SC027000030 20 $623 $1,048 $1,144 $857 Debt
Select Houses 2 SC027000032 3 $928 $1,577 $1,721 $1,092 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.