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NEWPORT NEWS REDEVELOPMENT AND HOUSING AUTHORITY
MEMORANDUM
DATE: December 9, 2025
TO: Board of Commissioners
FROM: Lysandra M. Shaw, Executive Director ft
SUBJECT: Tenants’ Accounts Receivable Charge-off, Five Months,
Ending September 30, 2025 — All Public Housing Properties
The attached list of proposed charge-offs of Tenants’ Accounts
Receivable is presented for your review and approval.
There are 63 accounts recommended for charge-off action with a total
dollar value $80,402.09 for the period of May 1, 2025 — September 30,
2025. The average amount per vacated account is $1,276.22.
Recoveries from previously charged-off accounts are $26,771.10 for the
current year. This reduces our actual loss to $53,630.99 this year
representing 2.6% of anticipated rents. We budget 2% of our net rental
revenue as a collection loss.
As comparison, previously we have charged-off the following amounts
(excludes collections):
Monthly Average
Oct 2022 — Sept 2023 $ 216,329.88 $ 18,027.49
| Oct 2023 — Sept 2024 $ 189,901.65 $ 15,825.14
Oct 2024 — April 2025 $ 24,777.51 $_ 3,539.64
Proposed:
$ 80,402.09 $ 16,080.42
| May 2025 — Sept 2025
Adoption of the attached resolution authorizing the charge-off in the total amount
of $80,402.09 for the five-month period ending September 30, 2025 is recommended.
LMS/LKD
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