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CAPITAL ACTIVITY
Asset Repositioning Strategic Plan for Public Housing Portfolio
NNRHA issued a procurement request for professional asset (housing development)
repositioning advisors to develop a strategic plan for repositioning its remaining public
housing developments over the next 3 to 5 years. The plan to prioritize the capital needs of
each development over that same period. The advisors will conduct a comprehensive
review of all public housing developments, assess capital needs and financial position. To
better assist the repositioning advisors, the Authority will issue an RFP within the upcoming
weeks for Physical Needs Assessments (PNA), Capital Needs Assessments (CNA) and
Environmental Reviews (ER) that will enable the selected advisors to more accurately
assess capital needs and satisfy HUD requirements.
The deadline for proposal submission is Tuesday, February 18". The selected firm will
have 60 days from the engagement date to submit a draft of the strategic repositioning
plan. The asset repositioning advisors, along with staff, will present the plan to the Board of
Commissioners and get their comments before the plan is finalized.
RAD Properties Management, Operations and Fiscal Management Review
NNRHA will be seeking the services of a professional consulting firm with experience in the
operations of RAD developments within the Project-based Rental Assistance (PBRA)
program to assess the management, operations, and fiscal management of NNRHA’s 4
RAD developments, consisting of 498 units.
The HUD Multifamily office monitors owners and management for compliance through the
Management and Occupancy Review (MOR). None of NNRHA's RAD properties has
undergone such a review. To be proactive, the Authority will issue an RFP for professional
consultants experienced with MOR assessments to review NNRHA's management and
operations, as well as the financial management of its RAD developments. The goal of this
review is to ensure the RAD developments are operating satisfactorily. And if not,
corrective actions will be implemented based on the consultants' recommendations. The
dual purpose of this review is to address current deficiencies and to prepare NNRHA for
any future HUD MOR assessment.
Marshall Courts — Phase VII Demolition of 88 Units
Three (3) of the thirteen (13) buildings at Marshall Courts Phase VII are pending
demolition. One building has already been cleared, with debris currently being removed.
The demolition project is anticipated to be completed by the end of February 2026. Until
future redevelopment plans are finalized, the site will remain designated as green space.
Marshall Courts Apartments Phase II
Centennial Contractors was awarded the fagade improvements project of Marshall Courts
Phase II. Mid-March 2026 is the anticipated start time for this project. The facade
improvements will focus on exterior repairs and enhancements of the property along with
durability. The new unified look of the complex will continue to add to the revitalization of its
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