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 $3.55 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.
| $3.55 | |
| All Other Funding | |
| Commercial Non-FHA Loan | $10,070,548,037 |
| Commercial FHA Loan | $3,572,948,680 |
| Deferred Developer Fee | $1,284,882,292 |
| Interim Income | $549,205,747 |
| Accrued & Unpaid Interest | $509,117,396 |
| Federal Home Loan Bank AHP | $110,833,727 |
| HOME | $293,099,511 |
| CDBG | $178,463,348 |
| Other Federal Funds | $275,321,005 |
| State or Local Funds | $4,825,498,825 |
| National Housing Trust Fund | $108,562,492 |
| Sponsor or Partner Funds | $611,586,922 |
| Philanthropic/Foundation | $9,017,692 |
| Tax Credit Equity | $15,450,662,832 |
| GP Equity/Reinvested Capital | $270,158,669 |
| Equity | $195,594,114 |
| Total | $38,315,501,289 |
| : |
| : |
| $1.00 | |
| PHA Assets | |
| Seller Note/Take Back Financing | $7,532,897,524 |
| PHA Non-Federal Funds | $710,597,983 |
| Public Housing Operating Reserves | $593,292,737 |
| Public Housing Capital Funds (incl DDTF) | $1,031,003,371 |
| 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 | $10,817,140,247 |