PHA code WI002 · Large PHA · Wisconsin
Housing Authority of the City of Milwaukee
Housing Authority of the City of Milwaukee has closed 19 RAD conversions covering 1,211 public housing units, with 1 more (20 units) between CHAP and closing. It still has 2,322 public housing units in 13 projects that HUD's May 2026 rents tool prices for RAD.
- Converted 1,211
- In the pipeline 20
- Still public housing 2,322
Of the closed deals, 19 went to project-based vouchers (PBV) and 0 to project-based rental assistance (PBRA). 11 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 |
|---|---|---|---|---|---|---|---|
| Westlawn Renaissance III (wrvii)new construction | PBV | 73 | Closed | Aug 2022 | 4% | $333,156 | |
| Townhomes at Carver Park I | PBV | 51 | Closed | Aug 2022 | 9% | $69,884 | |
| Westlawn Renaissance V (wrv)new construction | PBV | 3 | Closed | Jul 2022 | 9% | $288,192 | |
| Westlawn West Cat2anew construction | PBV | 16 | Closed | Jan 2021 | 9% | $221,727 | |
| Becher Court | PBV | 120 | Closed | Jun 2020 | 9% | $48,157 | |
| Westlawn West Cat 3Anew construction | PBV | 136 | Closed | Mar 2020 | 4% | $343,396 | |
| Merrill Park | PBV | 120 | Closed | Dec 2019 | 9% | $67,264 | |
| Holton Terrace | PBV | 120 | Closed | Jul 2019 | 9% | $44,053 | |
| Westlawn West Cat 2new construction | PBV | 20 | CHAP awarded | CHAP 2019 | 9% | ||
| Westlawn West Phase 2b: Renaissance IIInew construction | PBV | 84 | Closed | Apr 2019 | 9% | $294,345 | |
| Hope VI Scat Site Tax Credit | PBV | 24 | Closed | Oct 2018 | $51 | ||
| Scat Site Tax Credit 2008 | PBV | 12 | Closed | Oct 2018 | $42 | ||
| Convent Hill | PBV | 42 | Closed | May 2018 | |||
| Highland Gardens | PBV | 46 | Closed | Apr 2018 | $30 | ||
| Olga Village | PBV | 37 | Closed | Apr 2018 | |||
| Lapham Park | PBV | 131 | Closed | Mar 2018 | $9 | ||
| Cherry Court Midrise | PBV | 70 | Closed | Nov 2017 | $31 | ||
| Westlawn Tax Credit | PBV | 64 | Closed | Nov 2017 | |||
| Westlawn Westnew construction | PBV | 18 | Closed | Apr 2017 | 4% | $242,969 | |
| Westlawn West Phase 2new construction | PBV | 44 | Closed | Apr 2017 | 9% | $213,206 |
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 WI002's remaining units that averages $1,035 a month, against a weighted PBV cap of $1,450 (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 |
|---|---|---|---|---|---|---|
| Hillside Terrace WI002000001 | 470 | $1,223 | $1,574 | $1,718 | $1,487 | Debt |
| Parklawn WI002000007 | 380 | $1,048 | $1,528 | $1,667 | $1,386 | Debt |
| College Court WI002000011 | 251 | $944 | $1,231 | $1,343 | $1,163 | Debt |
| Arlington Court WI002000013 | 230 | $909 | $1,231 | $1,343 | $1,150 | Debt |
| Locust Court WI002000015 | 230 | $897 | $1,231 | $1,343 | $1,145 | Debt |
| Riverview WI002000062 | 180 | $929 | $1,231 | $1,343 | $1,157 | Debt |
| Scat Site North & West WI002000016 | 134 | $1,049 | $1,802 | $1,966 | $1,544 | Debt |
| Lincoln Court WI002000019 | 110 | $937 | $1,231 | $1,343 | $1,161 | Debt |
| Mitchell Court WI002000017 | 100 | $946 | $1,231 | $1,343 | $1,165 | Debt |
| Scat Site Hope VI Cherry WI002000063 | 68 | $1,045 | $1,868 | $2,037 | $1,563 | Debt |
| Scat Site South WI002000061 | 63 | $1,115 | $1,819 | $1,985 | $1,579 | Debt |
| Highland Homes WI002000060 | 56 | $1,339 | $2,033 | $2,218 | $1,815 | Debt |
| Milwaukee WI002000010 | 50 | $1,126 | $1,869 | $2,039 | $1,621 | 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.