Conversion Ledger
Menu

PHA code WA003 · Small PHA · Washington

Housing Authority of the City of Bremerton

Housing Authority of the City of Bremerton has closed 2 RAD conversions covering 34 public housing units. It still has 206 public housing units in 8 projects that HUD's May 2026 rents tool prices for RAD.

Of the closed deals, 2 went to project-based vouchers (PBV) and 0 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 WA003, newest first
Development Type RAD units Status Closed Tax credits FHA Hard cost / unit
Bremerton Bright Start PropertiesSec. 18 blendPBV13ClosedDec 20244%$192,809
Tara HeightsPBV21ClosedAug 2014$25,824

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 WA003's remaining units that averages $898 a month, against a weighted PBV cap of $2,031 (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
Bay Vista West WA003000006 54 $935 $2,185 $2,384 $1,641 Debt
The Summit at Bay Vista WA003000005 47 $840 $1,872 $2,043 $1,436 Debt
Bay Vista South WA003000004 41 $950 $2,140 $2,335 $1,614 Debt
Winfield Apartments WA003000007 24 $854 $1,954 $2,131 $1,484 Debt
Shadow Creek WA003000008 15 $997 $2,234 $2,437 $1,728 Debt
Charter House WA003000009 11 $820 $1,703 $1,858 $1,329 Debt
Casa del Sol Apartments WA003000012 8 $777 $1,703 $1,858 $1,229 Debt
Wright Court Corrected WA003000013 6 $907 $1,968 $2,147 $1,427 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.

The deal
You

By sending this, you agree that Janover Capital LLC may contact you about your request by email, phone and text at the details you gave, including by automated means. Consent isn't a condition of any service. Message and data rates may apply; reply STOP to opt out. See our Privacy policy and Terms.

This goes to Janover Capital LLC only, not to HUD, FHA or a lender. It is an inquiry, not a loan application, and a person at Janover Capital will reply. Prefer email? hello@rad.loans

Get word of WA003's next RAD closing

Leave your email and we'll write when our refresh of the RAD Resource Desk data shows a new closing for Housing Authority of the City of Bremerton.

Alert emails have not started on this site yet. Sign-ups are saved and wait until they do.

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.