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RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE NEWPORT
NEWS REDEVELOPMENT AND HOUSING AUTHORITY APPROVING THE
CENTRAL OFFICE COST CENTER AND PUBLIC HOUSING OPERATING
BUDGETS FOR CALENDAR YEAR 2026 AND AUTHORIZING THE CHAIRMAN TO
SIGN HUD FORM 52574
WHEREAS, 鈥榯he Board of Commissioners has been requested to approve an
operating budget for public housing and Central Office Cost Center budget, and to submit
HUD Form 52574; and
WHEREAS, the budget meets all statutory and regulatory requirements; and
WHEREAS, the Newport News Redevelopment and Housing Authority (NNRHA)
has sufficient operating reserves to meet the working capital needs of its developments;
and
WHEREAS, the proposed budget expenditures are necessary in the efficient and
economical operation of the housing for the purpose of serving low-income residents; and
WHEREAS, the budget indicates a source of funds adequate to cover all proposed
expenditures; and
WHEREAS, NNRHA will comply with the wage rate requirement under 24 CFR
968,110(c) and (f); and
WHEREAS, NNRHA will comply with the requirements for access to records and
audits under 24 CFR 968.110(i); and
WHEREAS, the operating budget for this resolution covers an entire calendar year
through December 31, 2025; and
NOW THEREFORE BE IT RESOLVED, the Board of Commissioners hereby
approves the Central Office Cost Center and Public Housing operating budgets for CY
2026 and authorized the Chairman to sign form HUD 52574.Jump to an indexed page (66 of 66)