This ratio reflects the total funds generated per dollar of public housing funding that is utilized in a RAD conversion. The ratio shows that RAD conversions raised $17.26 from other funding sources (the numerator) for every dollar that came from appropriated public housing funds (the denominator). This ratio compares the sources of funds generated in a RAD conversion relative to the federal funding provided to support the public housing assets in the absence of the RAD program.
$17.26 | |
All Other Funding | |
Commercial Non-FHA Loan | $6,545,246,754 |
Commercial FHA Loan | $3,153,339,820 |
Deferred Developer Fee | $946,753,213 |
Interim Income | $417,273,575 |
Accrued & Unpaid Interest | $201,449,261 |
Seller Note/Take Back Financing | $5,882,369,903 |
PHA Non-Federal Funds | $603,553,326 |
Public Housing Program Income | $41,094,211 |
Federal Home Loan Bank AHP | $96,758,727 |
HOME | $231,703,960 |
CDBG | $114,310,900 |
National Housing Trust Fund | $83,227,517 |
Other Federal Funds | $195,938,772 |
State or Local Funds | $2,510,320,156 |
Sponsor or Partner Funds | $555,235,582 |
Philanthropic/Foundation | $10,053,192 |
Tax Credit Equity | $11,686,895,151 |
GP Equity/Reinvested Capital | $215,452,426 |
Equity | $125,447,659 |
Total | $33,684,252,391 |
: |
: |
$1.00 | |
Public Housing Funds | |
Public Housing Operating Reserves | $528,664,840 |
Public Housing Capital Funds (incl DDTF) | $870,055,064 |
Public Housing RHF | $224,857,258 |
Housing Choice Voucher Funds (MTW agencies only) | $331,971,622 |
Choice Neighborhood Funds | $67,828,286 |
Total | $1,955,548,784 |