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CAPITAL ACTIVITY
Asset Repositioning Strategic Plan for Public Housing Portfolio
The Board of Commissioners authorized the Executive Director to sign a contract with AH
Forward, LLC for Asset Repositioning Strategic Plan Advisor Services. That contract has
been signed by both parties. AH Forward and NNRHA participated in a Kick-Off meeting
April 3, 2026. This meeting gave the Executive Team an overview of AH Forward’s
engagement, including milestones and expectations for staff contributions required for the
development of the Asset Repositioning Strategic Plan.
RAD Properties Management, Operations, and Fiscal (MOR) Review
NNRHA is 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 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 have
undergone such a review. To be proactive, the Authority has issued 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 was issued March 13, 2026, and the closing date is May 4, 2026.
Marshall Courts – Phase VII Demolition (88 Units)
Demolition activities for the 13 buildings comprising Marshall Courts Phase VII are
substantially complete, with only debris remaining on-site. The project experienced a minor
delay due to the contractor being reassigned to complete emergency demolitions elsewhere
in the City. Work has since resumed and is progressing as scheduled, with completion
anticipated by the end of April 2026.
Upon completion, the site will include curb and gutter installation, grading, hydroseeding,
and tree planting. These improvements will expand green space within the community and
preserve the site for future development opportunities.
Marshall Courts Apartments – Phase II Improvements
Centennial Contractors initiated façade improvements on March 23, 2026, beginning with
power washing of building exteriors, followed by EIFS repairs. Painting activities
commenced on March 30, 2026. This project focuses on necessary repairs while enhancing
the overall appearance and durability of the property, contributing to neighborhood
revitalization and community pride.
Additionally, Stuart Contractors began work on March 13, 2026, to replace HVAC unit pads
associated with Phase I. This effort will improve system performance by ensuring proper
leveling and stability of the units.
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