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PHA code TX073 · Small PHA · Texas

Pharr Housing Authority

Pharr Housing Authority has closed 3 RAD conversions covering 52 public housing units, with 6 more (147 units) between CHAP and closing. It still has 247 public housing units in 7 projects that HUD's May 2026 rents tool prices for RAD.

Of the closed deals, 3 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 0 used low-income housing tax credits and 3 carried FHA-insured debt.

Conversions

RAD Component 1 conversions for TX073, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Sunset Terrace-MfSec. 18 blendPBV40ClosedSep 2025Yes$5,607
Las Canteras Apt - MfSec. 18 blendPBV8ClosedNov 2024Yes$6,863
Mesquite Terrace-MfSec. 18 blendPBV4ClosedNov 2024Yes$5,429
Aster Villasnew constructionPBV4CHAP awardedCHAP 2022
Camilla Courts ToaSec. 18 blendPBV62Financing Plan inCHAP 2022
Los PinosPBV12CHAP awardedCHAP 2022
Meadow Heights Inew constructionPBV19CHAP awardedCHAP 2022
Meadows Heights IInew constructionPBV20CHAP awardedCHAP 2022
Parkview Terrace-MfPBV30CHAP awardedCHAP 2022

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 TX073's remaining units that averages $859 a month, against a weighted PBV cap of $1,244 (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
MEADOW HEIGHTS/Las Milpas Homes TX073000003 104 $974 $1,353 $1,476 $1,157 Debt
Las Canteras Apt.-MF TX073000004 40 $803 $1,215 $1,325 $1,040 Debt
Sunset Terrace-MF TX073000006 40 $812 $1,191 $1,300 $1,032 Debt
Parkview Terrace-MF TX073000007 30 $807 $1,200 $1,309 $1,032 Debt
Mesquite Terrace-MF TX073000005 20 $650 $942 $1,027 $815 Debt
Los Pinos Estates TX073000009 12 $687 $1,166 $1,272 $929 Debt
SF home TX073000008 1 $866 $1,514 $1,651 $866 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.