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NNRHA December 16, 2025 board meeting package

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oa NEWPORT NEWS REDEVELOPMENT AND HOUSING AUTHORITY MEMORANDUM DATE: December 9, 2025 To: Board of Commissioners FROM: Lysandra M. Shaw fms Executive Director SUBJECT: Public Housing Flat Rents — Agency Plan Amendment The Department of Housing and Urban Development (HUD) regulations require Housing Authorities to develop a flat rent schedule for each public housing complex. The flat rent is based on the market rent charged for comparable units in the private, unassisted rental market. These schedules are a component of our Agency Plan. An Authority may set their flat rents no lower than 80% of the fair market rent (FMR) in their metropolitan area. Families’ rents will change at their next income re-examination. Families still have the option of selecting the income Based rent, which may be lower. We currently have four of the 799 families in public housing paying the Flat Rent. The proposed Flat Rent Schedule is attached. To address hardships by any increased rent, | have asked staff to continue to phase in the flat rent increase by $50 quarterly until the new amount is achieved. The attached resolution is recommended for approval. Attachments
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