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 $3.52 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.
| $3.52 | |
| All Other Funding | |
| Commercial Non-FHA Loan | $8,545,225,024 |
| Commercial FHA Loan | $3,443,619,415 |
| Deferred Developer Fee | $1,126,797,485 |
| Interim Income | $511,059,628 |
| Accrued & Unpaid Interest | $348,363,912 |
| Federal Home Loan Bank AHP | $102,478,727 |
| HOME | $271,810,065 |
| CDBG | $169,156,710 |
| Other Federal Funds | $263,066,707 |
| State or Local Funds | $3,630,270,004 |
| National Housing Trust Fund | $102,712,492 |
| Sponsor or Partner Funds | $602,570,129 |
| Philanthropic/Foundation | $9,017,692 |
| Tax Credit Equity | $13,645,471,560 |
| GP Equity/Reinvested Capital | $244,592,777 |
| Equity | $165,599,530 |
| Total | $33,281,859,493 |
| : |
| : |
| $1.00 | |
| PHA Assets | |
| Seller Note/Take Back Financing | $6,622,678,983 |
| PHA Non-Federal Funds | $663,432,628 |
| Public Housing Operating Reserves | $577,736,697 |
| Public Housing Capital Funds (incl DDTF) | $945,484,274 |
| Public Housing RHF | $224,857,258 |
| Housing Choice Voucher Funds (MTW agencies only) | $368,444,643 |
| Public Housing Program Income | $40,453,050 |
| Choice Neighborhood Funds | $100,047,636 |
| Total | $9,443,087,532 |