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RAD deal closed March 18; Anaconda housing units transferred to Anaconda LIH Solutions LP, HUD status changes noted
Summary
Secretary Kaitlin Leary told the board the RAD transaction closed March 18, 2026, transferring Mount Haggin Homes, Cedar Park Homes and P.J. Hagan Manor to Anaconda LIH Solutions LP; she warned the Authority may lose Public Housing Authority HUD status and that overhousing rules could change.
Secretary Kaitlin Leary told the Housing Authority board on March 19 that “The RAD deal closed on March 18, 2026,” transferring Mount Haggin Homes, Cedar Park Homes and P.J. Hagan Manor to a limited partnership, Anaconda LIH Solutions LP, which includes the Housing Authority.
Leary said the conversion created complications with the U.S. Department of Housing and Urban Development (HUD) and with operational policies: the Authority may no longer retain its status as a Public Housing Authority with HUD, and, importantly, staff were informed they may lose the ability to overhouse households when a larger unit is available and sits vacant. Existing households already overhoused will be grandfathered in, she said, unless they request or need a transfer.
Leary said Good Housing Partnership, the Authority’s development partner, is investigating options to restore the overhousing ability. She also told the board she expects a Notice to Proceed to be issued to the general construction contractor the following week so physical work can begin, and that administrative staff will focus on building the new program and transferring residents to the new ownership structure.
Why it matters: the change affects tenant placement rules, the Authority’s relationship with HUD and near-term operations at three properties. The board recorded the update and staff planned next steps with the developer partner.
