INDEPENDENT LOCAL NEWSNewport News, Virginia
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NNRHA Board of Commissioners meeting package — March 2026

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PROGRAM YEAR 2025-2026 HOME Investment Partnership Program (HOME) Activities City of Newport News/NNRHA HOME Initiatives HOME PROGRAM HOME PROGRAM ACTIVITIES Entitlement INCOME Total Funds Units 2025-2026 (Anticipated) HOME DPA $150,000.00 $150,000.00 10 Provide down payment and closing cost assistance to first-time homebuyers HOMEcare $50,000.00 $50,000.00 2 Low-interest loan program for owner occupied home repairs HOMEvestor Ii $310,073.00 $50,000.00 $360,073.00 32 Acquisition, renovation and preservation of multi-family rental housing 4 Community Housing Development Organizations (CHDOs) $200,000.00 $200,000.00 Assis qualified CHDOs with the acquisition, development or sponsorship of affordable housing HOME Administration $84,452.10 $84,452.14 N/A Provides for the costs of planning, monitoring, marketing and administering the HOME program Total Funds Available $794,525.14 $50,000.00 $844,525.14 Total Number of Units
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