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EXHIBIT B
FORM OF COMPLETION CERTIFICATE
$23,000,000
Newport News Redevelopment and Housing Authority
Multifamily Housing Revenue Bonds
(Stuart Gardens I Apartments)
Series 2026
COMPLETION CERTIFICATE
To:
U.S. Bank Trust Company, National Association, as Trustee
2 Concourse Parkway, Suite 800
Atlanta, GA 30328-5588
Attn: Global Corporate Trust
and
Newport News Redevelopment and Housing Authority
227 27th Street
Newport News, VA 23607
Attention: Executive Director
Pursuant to Section 3.7 of the Loan Agreement, dated as of July 1, 2026 (the “Loan Agreement”),
between the Newport News Redevelopment and Housing Authority (the “Issuer”) and Stuart Gardens
Housing Partners, LP, a Virginia limited partnership (the “Borrower”), and relating to the above-captioned
bonds, the undersigned Authorized Borrower Representative hereby certifies that (with capitalized words
and terms used and not defined in this Completion Certificate (the “Certificate”) having the meanings
assigned in the Indenture of Trust, dated as of July 1, 2026, between the Issuer and U.S. Bank Trust
Company, National Association (the “Trustee”):
(a) The Project was substantially rehabilitated and available and suitable for use as multifamily
housing on ___________________.
(b) All other facilities necessary in connection with the Project have been acquired,
rehabilitated, renovated, constructed, and equipped.
(c) The rehabilitation, renovation, improvements, construction and equipping of the Project
and those other facilities have been accomplished in such a manner as to conform in all material respects
with all applicable zoning, planning, building, environmental and other similar governmental regulations.
(d) Except as provided in subsection (e) of this Certificate, all costs of that acquisition,
rehabilitation, renovation, construction and equipping due on or after the date of this Certificate and now
payable have been paid.
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