Rental Assistance Demonstration (RAD)
Past Experience
Cammie Clagett Courts - Highland Crossing - 72 Units Converted
Repositioning Date: April 2015
Type of Repositioning: RAD; 9% Low-Income Housing Tax Credit (LIHTC); New Construction; Project Based Rental Assistance
Type of Construction & Cost: New Construction $6,791,915
Tax Credit Amount: $7,049,295
Tobias Booker Hartwell, James Curtis Anderson, Ellen C. Watson, Louvenia D. Barksdale, Frank Gooch, Leland, Spruce - 338 Units Converted
Repositioning Date: January 2016
Type of Repositioning: RAD; 4% Low-Income Housing Tax Credit (LIHTC); Project Base Voucher
Type of Construction & Cost: Substantial Rehabilitation $28,791,741
Tax Credit Amount: $9,217,287
Cedar Springs Place - 19 Units Converted
Repositioning Date: April 2019
Type of Repositioning: RAD; 4% Low-Income Housing Tax Credit (LIHTC); Transfer of Assistance
Type of Construction & Cost: New Construction (Parkside at Drayton) $11,000,000
Tax Credit Amount: $6,584,000
Cammie Clagett Cat 1 A - 18 Units Converted
Repositioning Date: May 2020
Type of Repositioning: RAD; 4% Low-Income Housing Tax Credit (LIHTC); Transfer of Assistance
Type of Construction & Cost: New Construction (500 Northside Station) $17,000,000
Tax Credit Amount: $7,147,000
Country Garden Estates - 10 Units Converted
Repositioning Date: March 2020
Type of Repositioning: RAD; Refinance
Type of Construction & Cost: Minor Rehabilitation $4,856,158
Tax Credit Amount: N/A
Victoria Gardens Apartments - 80 Units Converted
Repositioning Date: October 2020
Type of Repositioning: RAD; 9% Low-Income Housing Tax Credit (LIHTC); Project Base Rental Assistance
Type of Construction & Cost: Substantial Rehabilitation $17,747,638
Tax Credit Amount: $4,716,011
Collins Park, The Ridge at Southport, Cottage Grove - 110 Units Converted
Repositioning Date: December 2022
Type of Repositioning: RAD; Refinance
Type of Construction & Cost: Minor Rehabilitation $8,391,500
Tax Credit Amount: N/A
Current/Future Plans
Single-Family Units - 14 Units/PIC
Anticipated Year to be Repositioned: 2025
Type of Repositioning: Section 18 Disposition Project-Based Voucher
Type of Construction & Cost: Minor Repairs from Home Inspection
Archibald Rutledge - 150 Units/PIC
Anticipated Year to be Repositioned: 2027/2028
Type of Repositioning: RAD 4% or 9% LIHTC
Type of Construction & Cost: Substantial Rehabilitation or Demolition/New Construction - Est. Rehabilitation - $19 million/ Est. New Construction - $37 million
Archibald Village - 50 Units/PIC
Anticipated Year to be Repositioned: 2027/2028
Type of Repositioning: RAD 4% or 9% LIHTC
Type of Construction & Cost: Substantial Rehabilitation or Demolition/New Construction - Est. Rehabilitation - $6.5 million/ Est. New Construction - $13 million
Cammie Clagett Cat 2 - 60 Units/PIC
Anticipated Year to be Repositioned: 2026
Type of Repositioning: RAD Transfer of Assistance (TOA)
Type of Construction & Cost: Substantial Rehabilitation or Demolition/New Construction - Cost Determined by Project
Cambridge Place - 6 Units/PIC
Anticipated Year to be Repositioned: 2025/2026
Type of Repositioning: RAD
Type of Construction & Cost: Minor Repairs $200,000
Camp Croft Courts - 96 Units/PIC
Anticipated Year to be Repositioned: 2029/2030
Type of Repositioning: RAD 4% or 9% LIHTC
Type of Construction & Cost: Potential Demolition/New Construction - Est. New Construction - $24 million
Prince Hall - 100 Units/PIC
Anticipated Year to be Repositioned: 2031/2032
Type of Repositioning: Section 18 Dispostion RAD 4% or 9% LIHTC
Type of Construction & Cost: Potential Demolition/New Construction - Est. New Construction $25 million
