Public and Tax-Motivated Funds Leverage Ratio     ($0.44 : $1.00)

This ratio measures the amount of total funds generated per dollar of governmentally induced funding in RAD conversions. Governmentally-induced funding includes appropriated funds, PHA-held resources, and investor equity, which is subsidized via various elements of the federal and state tax code, including the Low Income Housing Tax Credit program most prominently. This ratio shows that RAD transactions raised $0.44 from other funding sources (the numerator) for every dollar of governmentally-induced funding (the denominator). This ratio therefore is one measure of examining governmentally-induced or derived funds to all other resources.

All Other Funding
Commercial Non-FHA Loan$4,381,981,969
Commercial FHA Loan$1,871,514,944
Federal Home Loan Bank AHP$83,234,504
Deferred Developer Fee$547,713,944
Interim Income$193,827,850
Accrued & Unpaid Interest$90,575,544
Sponsor or Partner Funds$322,583,134
GP Equity/Reinvested Capital$162,207,257
Public and Tax-Motivated Funds
Seller Note/Take Back Financing$4,799,497,976
Public Housing Operating Reserves$501,678,524
Public Housing Capital Funds (incl DDTF)$727,929,834
Public Housing RHF$234,894,270
Housing Choice Voucher Funds (MTW agencies only)$90,575,544
Public Housing Program Income$322,583,134
Tax Credit Equity$8,856,818,723
PHA Non-Federal Funds$398,505,132
National Housing Trust Fund$44,998,625
Other Federal Funds$204,806,898
State or Local Funds$1,413,754,268