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5D
NEWPORT NEWS REDEVELOPMENT AND HOUSING AUTHORITY
MEMORANDUM
DATE: March 17, 2026
TO: All Members, Board of Commissioners
FROM: Lysandra M. Shaw, Executive Director
SUBJECT: Contract for Services between the NNRHA and AH Forward LLC for Public
Housing Asset Repositioning Advisor Services
Attached is a resolution authorizing the Executive Director to execute a contract for
Public Housing Asset Repositioning Advisor Services between the AH Forward LLC and
the Newport News Redevelopment and Housing Authority.
As NNRHA’s properties continue to age, so will their capital needs, while HUD funding
for capital upkeep continues to decline. In this predicament, NNRHA would like to be
more proactive in addressing its public housing capital needs by considering all
available repositioning (financing) options to maintain clean, safe, and sanitary
communities for the residents. With that, NNRHA issued a procurement request for
public housing asset positioning advisors to develop a strategic plan for repositioning its
remaining public housing developments over the next 3 to 5 years. The plan will also
prioritize the capital needs of each development over that same period.
The Request for Bid was released on February 3 and closed on February 19, with only
two of the three qualified firms contacted responding with proposals. The proposal
review committee evaluated and ranked the two proposals received, and AH Forward
LLC received the highest score by the committee, based on their experience in
providing similar services to other housing authorities and their professional
qualifications.
Board approval of the attached resolution is recommended for NNRHA to contract with
AH Forward LLC for its Public Housing Asset Repositioning Advisor Services.Jump to an indexed page (65 of 65)