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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. AH Forward is also reviewing documents they
requested from staff, including organization charts, financial records, and previous Physical
Needs Assessments. Also, two separates virtual meetings are being set up with staff to discuss
NNRHA’s vision and the impacts of repositioning.
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 closed May 4. Procurement will review proposals
submitted for completeness and then forward the proposals to the review committee for
evaluation and ranking.
Marshall Courts – Phase VII Demolition (88 Units)
Demolition activities for the 13 buildings comprising Marshall Courts Phase VII are 90%
completed. All the building debris has been hauled away. With a minor delay to the project,
the contractor is now completing the final stage of the project which includes all the site work.
Two more weeks are needed for total project completion, putting the final completion into the
second week of May 2026.
These improvements will expand green space within the community and preserve the site for
future development opportunities. Upon completion, the site will include curb and gutter
installation, grading, hydroseeding, and tree planting.
Marshall Courts Apartments – Phase II Façade Improvements
The phase II façade improvements for Marshall Courts Apartments are 60% complete.
Centennial Contractors initiated façade improvements on March 23, 2026. This project focuses
on necessary repairs while enhancing the overall appearance and durability of the property,
contributing to neighborhood revitalization and community pride.
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