This ratio measures the total funds generated per dollar of resources under the PHA’s control, which include public housing funds, non-federal funds PHAs have generated from other business activities, and the value of the PHA’s real estate assets. This ratio shows that RAD conversions raised $3.48 from other funding sources (the numerator) for every dollar the PHA invested from its own internal resources (the denominator). This ratio reflects all funds that are within a PHA’s direct control versus the other resources generated through a RAD transaction.
| $3.48 | |
| All Other Funding | |
| Commercial Non-FHA Loan | $8,196,176,352 |
| Commercial FHA Loan | $3,355,874,415 |
| Deferred Developer Fee | $1,121,010,821 |
| Interim Income | $498,602,523 |
| Accrued & Unpaid Interest | $336,925,455 |
| Federal Home Loan Bank AHP | $102,478,727 |
| HOME | $265,680,952 |
| CDBG | $169,156,710 |
| Other Federal Funds | $263,117,991 |
| State or Local Funds | $3,373,193,927 |
| National Housing Trust Fund | $102,712,492 |
| Sponsor or Partner Funds | $598,437,468 |
| Philanthropic/Foundation | $8,117,692 |
| Tax Credit Equity | $13,484,540,154 |
| GP Equity/Reinvested Capital | $244,409,074 |
| Equity | $151,314,530 |
| Total | $32,371,796,919 |
| : |
| : |
| $1.00 | |
| PHA Assets | |
| Seller Note/Take Back Financing | $6,506,771,001 |
| PHA Non-Federal Funds | $646,656,386 |
| 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 |
| Choice Neighborhood Funds | $100,047,636 |
| Total | $9,290,277,149 |