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 $3.54 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.
| $3.54 | |
| All Other Funding | |
| Commercial Non-FHA Loan | $10,300,359,037 |
| Commercial FHA Loan | $3,572,948,680 |
| Deferred Developer Fee | $1,297,028,667 |
| Interim Income | $557,081,034 |
| Accrued & Unpaid Interest | $519,598,623 |
| Federal Home Loan Bank AHP | $112,833,727 |
| HOME | $294,099,511 |
| CDBG | $178,713,348 |
| Other Federal Funds | $298,439,941 |
| State or Local Funds | $4,928,079,828 |
| National Housing Trust Fund | $108,562,492 |
| Sponsor or Partner Funds | $613,970,835 |
| Philanthropic/Foundation | $9,317,692 |
| Tax Credit Equity | $15,611,056,034 |
| GP Equity/Reinvested Capital | $275,051,600 |
| Equity | $195,594,114 |
| Total | $38,872,735,163 |
| : |
| : |
| $1.00 | |
| PHA Assets | |
| Seller Note/Take Back Financing | $7,686,941,194 |
| PHA Non-Federal Funds | $710,889,664 |
| Public Housing Operating Reserves | $591,056,407 |
| Public Housing Capital Funds (incl DDTF) | $1,031,393,974 |
| Public Housing RHF | $224,857,258 |
| Housing Choice Voucher Funds (MTW agencies only) | $538,234,103 |
| Public Housing Program Income | $40,540,281 |
| Choice Neighborhood Funds | $145,716,990 |
| Total | $10,969,629,871 |