PHA code WA002 · Large PHA · Washington
Housing Authority of the County of King
Housing Authority of the County of King has closed 4 RAD conversions covering 243 public housing units, with 11 more (722 units) between CHAP and closing. It still has 2,450 public housing units in 38 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 243
- In the pipeline 772
- Still public housing 2,450
Of the closed deals, 4 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 0 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 |
|---|---|---|---|---|---|---|---|
| Briarwood | PBV | 70 | Closed | Oct 2026 | $3,457 | ||
| Brittany Park | PBV | 43 | Closed | Oct 2026 | $909 | ||
| Lake House | PBV | 70 | Closed | Oct 2026 | $2 | ||
| Munro Manor | PBV | 60 | Closed | Oct 2026 | |||
| Casa Juanita | PBV | 80 | CHAP awarded | CHAP 2026 | |||
| Westminster Manor | PBV | 60 | CHAP awarded | CHAP 2026 | |||
| Boulevard Manor | PBV | 70 | Financing Plan in | CHAP 2026 | $59 | ||
| Burndale Homes | PBV | 50 | Financing Plan in | CHAP 2026 | |||
| Eastside Terrace | PBV | 50 | Financing Plan in | CHAP 2026 | $31 | ||
| Firwood Circle | PBV | 50 | Financing Plan in | CHAP 2026 | |||
| Paramount House | PBV | 70 | Financing Plan in | CHAP 2026 | $1,532 | ||
| Southridge House | PBV | 80 | Financing Plan in | CHAP 2026 | |||
| Valli Kee | PBV | 115 | Financing Plan in | CHAP 2026 | |||
| Yardley Arms | PBV | 67 | RCC issued | CHAP 2025 | $45 | ||
| Riverton Terrace II | PBV | 30 | RCC issued | CHAP 2025 | |||
| College Place | PBV | 0 | CHAP Processing - PIH CHAP Approval | ||||
| Forest Glen | PBV | 0 | CHAP Processing - PIH CHAP Approval |
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 WA002's remaining units that averages $1,272 a month, against a weighted PBV cap of $2,626 (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 |
|---|---|---|---|---|---|---|
| The Lake House WA002000152 | 140 | $1,466 | $2,363 | $2,578 | $2,024 | Debt |
| Northridge II WA002000153 | 140 | $1,290 | $2,342 | $2,555 | $1,939 | Debt |
| Ballinger Homes WA002000101 | 138 | $1,757 | $3,166 | $3,453 | $2,609 | Debt |
| Yardley Arms WA002000352 | 127 | $1,304 | $2,361 | $2,575 | $1,959 | Debt |
| Valli-Kee Homes WA002000401 | 115 | $1,680 | $3,316 | $3,618 | $2,666 | Debt |
| Cascade Apartments WA002000403 | 108 | $1,697 | $3,099 | $3,381 | $2,535 | Debt |
| Riverton Terrace WA002000354 | 105 | $1,294 | $2,427 | $2,647 | $1,991 | Debt |
| Burien Park Apartments WA002000390 | 102 | $862 | $2,361 | $2,575 | $1,757 | Debt |
| Wayland Arms WA002000550 | 102 | $1,047 | $2,343 | $2,556 | $1,841 | Debt |
| College Place WA002000203 | 101 | $1,729 | $2,922 | $3,187 | $2,444 | Debt |
| Fairwinds Apartments WA002000346 | 87 | $1,060 | $3,098 | $3,380 | $2,278 | Debt |
| Casa Juanita WA002000251 | 80 | $1,131 | $2,361 | $2,575 | $1,909 | Debt |
| Southridge House WA002000552 | 80 | $1,103 | $2,361 | $2,575 | $1,873 | Debt |
| Seola Crossing WA002000340 | 77 | $1,054 | $2,901 | $3,164 | $2,153 | Debt |
| Vantage Point WA002000452 | 77 | $871 | $2,386 | $2,603 | $1,765 | Debt |
| Paramount House II WA002000150 | 70 | $1,132 | $2,319 | $2,529 | $1,860 | Debt |
| Boulevard Manor WA002000350 | 70 | $1,292 | $2,361 | $2,575 | $1,952 | Debt |
| Plaza Seventeen II WA002000551 | 70 | $1,051 | $2,357 | $2,571 | $1,875 | Debt |
| Casa Madrona II WA002000553 | 70 | $1,213 | $1,855 | $2,023 | $1,622 | Debt |
| Mardi Gras II WA002000450 | 61 | $1,155 | $2,363 | $2,578 | $1,892 | Debt |
| Westminster Manor WA002000156 | 59 | $845 | $2,312 | $2,522 | $1,732 | Debt |
| Salmon Creek WA002000343 | 50 | $988 | $2,650 | $2,890 | $1,983 | Debt |
| Firwood Circle WA002000503 | 50 | $1,883 | $3,381 | $3,688 | $2,788 | Debt |
| Burndale Homes WA002000504 | 50 | $1,846 | $3,418 | $3,729 | $2,793 | Debt |
| Forest Glen WA002000201 | 40 | $1,234 | $2,370 | $2,586 | $1,922 | Debt |
| Nia Apartments WA002000355 | 40 | $846 | $2,458 | $2,682 | $1,818 | Debt |
| Northlake House WA002000290 | 38 | $842 | $2,361 | $2,575 | $1,711 | Debt |
| Northwood Apartments WA002000191 | 34 | $884 | $2,361 | $2,575 | $1,742 | Debt |
| Zephyr WA002000344 | 25 | $1,464 | $3,514 | $3,833 | $2,690 | Debt |
| Sixth Place WA002000345 | 24 | $1,483 | $3,486 | $3,803 | $2,648 | Debt |
| Northwood Square Apartments WA002000467 | 24 | $960 | $2,963 | $3,232 | $2,115 | Debt |
| Park Royal Apartments WA002000105 | 23 | $1,040 | $2,717 | $2,964 | $1,973 | Debt |
| Island Crest WA002000213 | 17 | $1,088 | $2,498 | $2,726 | $1,906 | Debt |
| Brookside Apartments WA002000180 | 16 | $814 | $2,361 | $2,575 | $1,705 | Debt |
| Eastbridge WA002000341 | 13 | $1,032 | $2,882 | $3,144 | $2,024 | Debt |
| Houghton Apartments WA002000215 | 10 | $1,039 | $3,090 | $3,371 | $2,301 | Debt |
| Kirkland Place WA002000210 | 9 | $1,053 | $2,751 | $3,001 | $1,990 | Debt |
| Shelcor Apts WA002000409 | 8 | $967 | $2,702 | $2,948 | $1,828 | 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.