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Minutes of a Meeting of the
Newport News Redevelopment and Housing Authority
The Board of
Commissioners of the
Newport News
Redevelopment and
Housing Authority
Authorizing the
Executive Director to
Execute the Funding
Agreement to Facilitate
the Development of the
Choice Neighborhood
V Project and Related
Physical Site
Improvements
Report to the
Board
December 16, 2025
In addition to fees, the Authority receives revenue from interest which brings the total
Administrative Revenue to $3,185,350 for the 2026 calendar year. NNRHA is able to
avoid the use of administrative reserves this year to balance the administrative budget
even with the 91.1% proration of fees.
Expenses to administer the program are projected to be $2,679,462 providing for an
operating cash flow of $505,889. The Section 8 program has owned the Ballou-
Palmer building (115 28th Street) for numerous years. This building was recently
sold in November 2025. The proceeds from the sale were returned to the Section 8
program and can be used for administrative purposes. In addition, the utility and
insurance costs to maintain the building that were included in previous budgets, have
been deleted from the 2026 budget.
As previously mentioned, salary increases are applied authority-wide, all programs
and properties must be able to afford the increase. Unfortunately, some properties
cannot afford a salary increase. However, we can provide a $500 bonus to be given
to staff (excluding the Executive Director) to ease the increased cost of living.
Ms. Shaw recommends for approval the bonuses be given at the start of the first pay
period in January 2026.
Commissioner Bell made a motion to approve the resolution. Commissioner Knight
seconded the. motion which passed with a unanimous vote. The resolution is attached
to and made a part of these minutes.
The Board was provided with copies of a resolution authorizing the Executive Director
to execute the funding agreement to facilitate the development of the Choice
Neighborhood V Project and related physical site improvements.
The City of Newport News is providing funding to NNRHA for the redevelopment of
the Choice Neighborhood V Project. The funding, in an amount not to exceed
$5,304,365.00 will support site development costs, design and amenities and
development of commercial space. Final allocations among these components are
still being determined. The City of Newport News has been very supportive financially
in advancing the CNI initiative.
Site construction activities will be completed by Harkins Builders under a construction
contract administered by NNRHA and the developer, Pennrose.
Ms. Shaw recommends for approval the funding agreement with the City, subject to
review and approval by legal counsel.
Commissioner Bell made a motion to approve the resolution. Commissioner Knight
seconded the motion which passed with a unanimous vote. The resolution is attached
to and made a part of these minutes.
Mr. Jackson reported that the Housing Authority administers HUD CDBG and HOME
funds on behalf of the City. Execution of agreements for the upcoming program year
is pending HUD's release of funds. Estimated allocations are approximately $1.15
million in CDBG funds and $844,000 in HOME funds, including associated program
income.
Virginia Housing awarded NNRHA SPARC funds, which support eligible homebuyers
through interest rate buy-downs. The Housing Authority has been allocated
approximately $4 million. As of November, approximately $1.4 million has been
utilized, representing a 51% increase in usage during the month of November.
Total housing rehabilitation activity for the calendar year through November includes
17 completed projects, with total projects increasing from 24 in October to 28 projects,
including completed and eligible projects.Jump to an indexed page (43 of 43)