PHA code VA006 · Large PHA · Virginia
Norfolk Redevelopment & Housing Authority
Norfolk Redevelopment & Housing Authority has closed 6 RAD conversions covering 722 public housing units, with 2 more (178 units) between CHAP and closing. It still has 2,099 public housing units in 15 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 722
- In the pipeline 178
- Still public housing 2,099
Of the closed deals, 6 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 2 used low-income housing tax credits and 0 carried FHA-insured debt.
Conversions
| Development | Type | RAD units | Status | Closed | Tax credits | FHA | Hard cost / unit |
|---|---|---|---|---|---|---|---|
| SykesSec. 18 blend | PBV | 84 | Closed | Dec 2025 | 4% | $197,708 | |
| Broad Creek Phase II / Bg Phase II | PBV | 64 | CHAP awarded | CHAP 2025 | 4% | ||
| Partrea | PBV | 114 | CHAP awarded | CHAP 2024 | 4% | ||
| Diggs Prk | PBV | 222 | Closed | Mar 2019 | 4% | $107,806 | |
| Franklin Arms | PBV | 100 | Closed | Nov 2017 | |||
| Grandy View | PBV | 16 | Closed | Jul 2017 | |||
| Grandy Village | PBV | 275 | Closed | Jul 2017 | $336 | ||
| North Wellington Place | PBV | 25 | Closed | Jul 2017 |
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 VA006's remaining units that averages $1,288 a month, against a weighted PBV cap of $2,070 (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 |
|---|---|---|---|---|---|---|
| Young Park VA006000010 | 752 | $1,491 | $2,067 | $2,255 | $1,890 | Debt |
| Calvert VA006000011 | 310 | $1,343 | $2,080 | $2,270 | $1,839 | Debt |
| Oakleaf Park VA006000012 | 257 | $1,301 | $2,368 | $2,583 | $1,962 | Debt |
| Robert Partrea VA006000018 | 114 | $1,023 | $1,686 | $1,840 | $1,470 | Debt |
| Diggs Prk VA006000006 | 103 | $1,394 | $2,349 | $2,562 | $2,015 | Debt |
| Huntersville VA006000019 | 91 | $1,088 | $1,683 | $1,836 | $1,491 | Debt |
| Eulalie Bobbitt VA006000020 | 84 | $948 | $1,690 | $1,843 | $1,440 | Debt |
| Sykes VA006000021 | 84 | $1,139 | $1,682 | $1,834 | $1,513 | Debt |
| Broad Creek PhaseII/MM Phase II VA006000027 | 56 | $1,092 | $2,267 | $2,473 | $1,730 | Debt |
| Broad Creek Phase IV/BG Phase IV VA006000030 | 50 | $973 | $2,146 | $2,342 | $1,629 | Debt |
| Broad Creek Phase V VA006000085 | 50 | $784 | $2,193 | $2,392 | $1,597 | Debt |
| Broad Creek Phase III/MM Phase III VA006000029 | 46 | $1,044 | $2,146 | $2,341 | $1,643 | Debt |
| Broad Creek Phase IV/MM Phase IV VA006000031 | 38 | $899 | $2,153 | $2,349 | $1,577 | Debt |
| Broad Creek Phase III/BG Phase III VA006000028 | 35 | $1,000 | $2,233 | $2,436 | $1,691 | Debt |
| Broad Creek Phase II/BG Phase II VA006000026 | 29 | $1,054 | $2,228 | $2,430 | $1,694 | 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.