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

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Select Transactions 2023 HIGHLIGHTS 1,450+ units acquired 2,200+ New residents served $520mm+ Total capitalization Converted 300 units in Arlington, VA from market rate to affordable with 60% AMI rent restrictions through a LIHTC regulatory agreement that covers 100% of the units. $18MM acquisition of 65 one- and two- bedroom units in Canton, MA. A $2.4 million renovation is underway to improve and modernize the community. Acquisition of a 379-unit 100% affordable housing community in Honolulu, Hawaii. This is the largest FHA deal and largest Project-Based Section 8 transaction in Hawaii state history. 11 communities acquired
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