RAD by the numbers
1,955 RAD public housing conversions have closed, covering 203,060 units, or 37% of the 555,000-unit cap, as of October 24, 2026. Every figure below is computed from HUD's files and carries its date and source, one fact per line.
Against the cap
Closed: 203,060 Pipeline: 66,308 Room under the cap: 285,632
Key facts
- 1,955 RAD public housing conversions have closed, covering 203,060 units.Source: HUD RAD Resource Desk, as of October 24, 2026
- The first closing in HUD's data is dated September 20, 2013 and the latest October 21, 2026.Source: HUD RAD Resource Desk, as of October 24, 2026
- 624 more conversions covering 66,308 units hold a CHAP, a submitted Financing Plan or an RCC and have not closed.Source: HUD RAD Resource Desk, as of October 24, 2026
- RAD is permanent and its public housing cap is 555,000 units under Public Law 119-101, section 212, enacted July 11, 2026.Source: P.L. 119-101 on govinfo.gov
- Closed conversions use 37% of the 555,000-unit cap; with the pipeline, 49%.Source: HUD RAD Resource Desk, as of October 24, 2026; P.L. 119-101
- 66% of closed conversions chose project-based vouchers (PBV) and 34% project-based rental assistance (PBRA); by units, PBV is 61%.Source: HUD RAD Resource Desk, as of October 24, 2026
- 48% of closed conversions used low-income housing tax credits: 636 with 4% credits and 306 with 9% credits.Source: HUD RAD Resource Desk, as of October 24, 2026
- 12% of closed conversions (237 deals) carried FHA-insured debt.Source: HUD RAD Resource Desk, as of October 24, 2026
- 267 closed conversions were RAD/Section 18 blends, 367 involved new construction and 240 used a transfer of assistance.Source: HUD RAD Resource Desk, as of October 24, 2026
- The median closed conversion took 22.5 months from CHAP award to closing; half took between 15.2 and 32.5 months.Source: HUD RAD Resource Desk, 1,858 deals with usable dates, as of October 24, 2026
- The median hard construction cost was $78,428 per unit across 1,517 closed conversions that report a cost.Source: HUD RAD Resource Desk, as of October 24, 2026
- 570 of 2,973 housing authorities in the data have closed at least one RAD conversion.Source: HUD RAD Resource Desk and RAD Contract Rents Look-Up Tool
- New York City Housing Authority has converted the most units: 14,229 in 33 closed deals.Source: HUD RAD Resource Desk, as of October 24, 2026
- 881,789 public housing units in 6,191 projects at 2,692 housing authorities have not converted.Source: HUD RAD Contract Rents Look-Up Tool, updated May 27, 2026
- Under Component 2, HUD lists 476 closed conversions of other HUD-assisted housing (Mod Rehab, Rent Supplement, RAP, PRAC) covering 44,691 units; Component 2 is not counted against the cap.Source: HUD RAD Component 2 closed list, as of June 1, 2024
Hard cost per unit by structure
| Structure | Deals with a cost | Median per unit |
|---|---|---|
| All closed conversions that report a cost | 1,517 | $78,428 |
| No tax credits | 582 | $2,748 |
| 4% credits | 629 | $135,723 |
| 9% credits | 300 | $177,055 |
| FHA-insured debt | 235 | $75,345 |
| RAD/Section 18 blend | 258 | $155,167 |
| New construction | 364 | $241,947 |
Hard cost divided by RAD plus non-RAD units. Groups overlap. HUD reports unknown costs as zero, so zeros are left out.
Top 10 housing authorities by converted units
| Rank | Housing authority | State | Closed deals | RAD units |
|---|---|---|---|---|
| 1 | New York City Housing Authority | NY | 33 | 14,229 |
| 2 | Chicago Housing Authority | IL | 50 | 6,810 |
| 3 | Metropolitan Development & Housing Agency | TN | 23 | 5,544 |
| 4 | Cuyahoga Metropolitan Housing Authority | OH | 38 | 5,450 |
| 5 | Housing Authority of the City of El Paso d/b/a Housing Opportunity Management Enterprises d/b/a HOME | TX | 43 | 5,433 |
| 6 | Housing Authority of Baltimore City | MD | 32 | 4,369 |
| 7 | Public Housing Agency of the City of St Paul | MN | 8 | 3,836 |
| 8 | Philadelphia Housing Authority | PA | 59 | 3,336 |
| 9 | Knoxville's Community Development Corporation | TN | 24 | 3,285 |
| 10 | Housing Authority of the City of Charlotte | NC | 50 | 3,282 |
Top 10 states by converted units
| Rank | State | Closed deals | RAD units | Share of all closed units |
|---|---|---|---|---|
| 1 | New York | 99 | 22,412 | 11% |
| 2 | Tennessee | 109 | 15,226 | 7% |
| 3 | Georgia | 151 | 14,785 | 7% |
| 4 | Texas | 143 | 13,264 | 7% |
| 5 | North Carolina | 130 | 11,718 | 6% |
| 6 | Ohio | 95 | 11,037 | 5% |
| 7 | Illinois | 94 | 11,021 | 5% |
| 8 | New Jersey | 79 | 9,803 | 5% |
| 9 | California | 154 | 9,147 | 5% |
| 10 | Florida | 84 | 8,100 | 4% |
More detail: how long conversions take, how they are financed, who finances them and the full conversion tracker.
Sources and method
RAD Resource Desk Component 1 property export, downloaded October 24, 2026 (latest closing October 21, 2026); HUD's RAD Contract Rents Look-Up Tool, updated May 27, 2026, on the RAD notices page; HUD's Component 2 closed list of June 1, 2024; Public Law 119-101. Unit counts are RAD units only. Percentages are rounded to the nearest whole number. Everything on this page is recomputed from those files when the site is built, so the figures move when HUD's data does. Quote freely; please cite the date shown.
Questions about RAD figures
How many RAD conversions have closed?
1,955 RAD public housing conversions covering 203,060 units had closed as of October 24, 2026, per HUD's RAD Resource Desk data. Another 624 (66,308 units) were in the pipeline.
What is the RAD cap in 2026?
555,000 public housing units, set by Public Law 119-101 (July 11, 2026), which also made RAD permanent. Closed conversions use 37% of it and closed plus pipeline 49%, as of October 24, 2026. Older sources still cite 455,000.
Do most RAD conversions choose PBV or PBRA?
PBV. 66% of closed conversions chose project-based vouchers and 34% project-based rental assistance, per HUD data as of October 24, 2026.
Which housing authority has converted the most units under RAD?
New York City Housing Authority, with 14,229 units in 33 closed conversions as of October 24, 2026.
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