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CAPITAL ACTIVITY
Asset Repositioning Strategic Plan for Public Housing Portfolio
Professional asset (housing development) repositioning advisors will be tasked to develop a
strategic plan for repositioning its remaining 4 public housing developments (711 units) over
the next 3 to 5 years, prioritizing the capital needs of each development during that period.
The advisors will conduct a comprehensive review of all public housing developments and
assess capital needs and the financial position. The deadline for proposal submission was
February 18th, with 2 proposals being submitted. After the review committee’s evaluation
and ranking of the proposals, the committee recommends that NNRHA enters into a
contract with AH Forward, LLC for the Public Housing Asset Repositioning Advisor services.
After board approval AH Forward, LLC will arrange a kick-off meeting to provide an
overview of their engagement, including milestones and expectations for staff contributions
required for the development of the Asset Repositioning Strategic Plan.
RAD Properties Management, Operations and Fiscal Management (MOR) Review
NNRHA will seek 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 6
RAD developments, comprising 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. After the review
and noted deficiencies have been corrected, NNRHA should be prepared for any future
HUD MOR assessment.
The RFP will be posted Friday, March 13, 2026.
Marshall Courts — Phase VII Demolition of 88 Units
Demolition is nearly complete, with only one building remaining. Removal of the final
building will conclude the demolition of all 13 buildings in Phase VII of Marshall Courts
Apartments. The project total has remained on budget. Once all debris is removed, site work
will begin, including hydroseeding and tree planting. Anticipated completion is the end of
March 2026. The finished site work will expand green space in the community and preserve
the property until future development is determined.
Marshall Courts Apartments — Phase II
Centennial Contractors is expected to begin fagade improvements for Phase II the week of
March 23, 2026. Work will focus on exterior repairs, painting, and enhancing overall
durability. These improvements will unify the appearance of the complex and strengthen
community aesthetics.Jump to an indexed page (65 of 65)