This ratio measures the amount of total funds generated per dollar of governmentally induced funding in RAD conversions. Governmentally-induced funding includes appropriated funds, PHA-held resources, and investor equity, which is subsidized via various elements of the federal and state tax code, including the Low Income Housing Tax Credit program most prominently. This ratio shows that RAD transactions raised $0.55 from other funding sources (the numerator) for every dollar of governmentally-induced funding (the denominator). This ratio therefore is one measure of examining governmentally-induced or derived funds to all other resources.
| $0.55 | |
| All Other Funding | |
| Commercial Non-FHA Loan | $8,196,176,352 |
| Commercial FHA Loan | $3,355,874,415 |
| Federal Home Loan Bank AHP | $102,478,727 |
| Deferred Developer Fee | $1,121,010,821 |
| Interim Income | $498,602,523 |
| Accrued & Unpaid Interest | $336,925,455 |
| Sponsor or Partner Funds | $598,437,468 |
| Philanthropic/Foundation | $8,117,692 |
| GP Equity/Reinvested Capital | $244,409,074 |
| Equity | $151,314,530 |
| Total | $14,713,394,694 |
| : |
| : |
| $1.00 | |
| Public and Tax-Motivated Funds | |
| Seller Note/Take Back Financing | $6,506,771,001 |
| Public Housing Operating Reserves | $570,517,091 |
| Public Housing Capital Funds (incl DDTF) | $942,577,720 |
| Public Housing RHF | $224,857,258 |
| Housing Choice Voucher Funds (MTW agencies only) | $358,444,643 |
| Public Housing Program Income | $40,453,050 |
| Tax Credit Equity | $13,484,540,154 |
| PHA Non-Federal Funds | $646,656,386 |
| HOME | $265,680,952 |
| CDBG | $169,156,710 |
| National Housing Trust Fund | $102,712,492 |
| Other Federal Funds | $263,117,991 |
| Choice Neighborhood Funds | $100,047,636 |
| State or Local Funds | $3,373,193,927 |
| Total | $26,948,679,375 |