PHA code TN003 · Medium PHA · Tennessee
Knoxville's Community Development Corporation
Knoxville's Community Development Corporation has closed 24 RAD conversions covering 3,285 public housing units. It still has 196 public housing units in 1 project that HUD's May 2026 rents tool prices for RAD.
- Converted 3,285
- In the pipeline 0
- Still public housing 196
Of the closed deals, 0 went to project-based vouchers (PBV) and 24 to project-based rental assistance (PBRA). 10 used low-income housing tax credits and 2 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| The Vista Cat 1Bnew construction | PBRA | 43 | Closed | May 2024 | 4% | $307,456 | |
| Western Heights | PBRA | 232 | Closed | Oct 2022 | 4% | $59,444 | |
| Northgate Terrace | PBRA | 273 | Closed | Mar 2022 | $35,468 | ||
| Cagle Terrace | PBRA | 272 | Closed | Nov 2020 | Yes | $22,126 | |
| The Vista Cat 1Anew construction | PBRA | 43 | Closed | Jul 2020 | 9% | $241,935 | |
| THE RESIDENCES AT EASTPORT I (Eastport School) | PBRA | 25 | Closed | Nov 2019 | $9,520 | ||
| The Residences at Eastport II | PBRA | 60 | Closed | Nov 2019 | $77 | ||
| Isabella Towers | PBRA | 236 | Closed | Sep 2019 | $22,219 | ||
| Guy B. Love Towers | PBRA | 249 | Closed | Aug 2019 | $24,881 | ||
| Five Points Phase 4new construction | PBRA | 82 | Closed | May 2019 | 9% | $176,448 | |
| Passport Homes & Residences | PBRA | 61 | Closed | Nov 2018 | $5,266 | ||
| Frank Montgomery Village B | PBRA | 380 | Closed | Nov 2018 | Yes | $14,924 | |
| Walter P Taylor Homes Mp3new construction | PBRA | 80 | Closed | Apr 2018 | 9% | $149,720 | |
| Five Points Family Multiplexes | PBRA | 17 | Closed | Nov 2017 | $44 | ||
| Frank Montgomery Village A | PBRA | 42 | Closed | Oct 2017 | $237 | ||
| Lonsdale Homes | PBRA | 260 | Closed | Aug 2017 | 4% | $30,312 | |
| North Ridge Crossing | PBRA | 268 | Closed | Aug 2017 | 4% | $34,795 | |
| The Vista | PBRA | 175 | Closed | Aug 2017 | 4% | $31,966 | |
| Walter P. Taylor Homesnew construction | PBRA | 84 | Closed | May 2017 | 9% | $149,679 | |
| Dr Lee Williams Senior Complex B | PBRA | 20 | Closed | Dec 2016 | $35 | ||
| Mechanicsville I & II | PBRA | 48 | Closed | Dec 2016 | $17,755 | ||
| Valley Oaks | PBRA | 48 | Closed | Dec 2016 | $9,407 | ||
| Dr. Lee Williams Senior Complexnew construction | PBRA | 90 | Closed | Apr 2016 | 9% | $92,040 | |
| Virginia Walker Apts | PBRA | 197 | Closed | Mar 2016 | $2,527 |
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 TN003's remaining units that averages $1,011 a month, against a weighted PBV cap of $1,833 (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 |
|---|---|---|---|---|---|---|
| Western Heights Addition TN003000001 | 196 | $1,011 | $1,833 | $1,999 | $1,446 | 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.