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NNRHA June 16, 2026 board meeting package

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Minutes of a Meeting of the Newport News Redevelopment and Housing Authority April 21, 2026 New Business The Board of The Board was provided copies of a resolution authorizing the continuation of the Commissioners of NNRHA scholarship program. Ms. Shaw reported on the annual Newport News the Newport News Redevelopment and Housing Authority scholarship luncheon, noting that the attached Redevelopment and resolution provides for the continuation of the NNRHA scholarship program for public Housing Authority Authorizing housing residents and Housing Choice Voucher (HCV) program participants. She Continuation of the stated that since 1989, the Authority has awarded two scholarships annually in the Scholarship amount of $1,000 each, renewable for up to four years, to graduating seniors and Program other eligible residents pursuing higher education. These scholarships are presented each year at the scholarship banquet, along with additional awards supported by private donors. Ms. Shaw further reported that a total of 12 scholarships were awarded last year to public housing residents and Section 8 participants. She advised that this year’s banquet will be held at the Downing-Gross Cultural Arts Center on April 29th at 5:30 p.m. and confirmed that funds are available to continue the program with two scholarships for 2026. Adoption of the resolution was recommended. Commissioner Bell made a motion to approve the resolution. Commissioner Knight seconded the motion which passed with a unanimous vote. The resolution is attached to and made a part of these minutes. The Board of The Board was provided copies of a resolution approving a loan extension agreement Commissioners of for Tradition Brewing Company under the NNUDAG program. Ms. Shaw reported that the Newport News Tradition Brewing Company submitted a request for a structured repayment plan Redevelopment and under its Newport News Urban Development Action Grant loan agreement, Housing Authority Authorizing a Loan representing its sixth request since August 2018, all of which had been previously Extension approved by the Board. The company requested authorization to make three Agreement for consecutive double payments to cure its remaining delinquency, suspension of late Tradition Brewing fees during that period, resumption of regular monthly payments thereafter at the Company Under the existing interest rate, and the removal of certain personal guarantors. Ms. Shaw noted NNUDAG Program that the request was driven by industry-wide challenges, including declining alcohol consumption and increased competition, but highlighted that the company achieved profitability in 2024 and 2025 and had significantly reduced its past-due balance. She further advised that the borrower is now current on its loan obligations. Ms. Shaw stated that staff recommendations differed in part from the company’s request. While staff supported approval of the loan extension and suspension of late fees during the catch-up period, they did not support the removal of guarantors due to prior ownership changes made without consent and the associated governance risks. Instead, staff recommended strengthening guarantor requirements by retaining all original guarantors and adding any owners with a 10% or greater ownership interest as personal guarantors. Ms. Shaw recommended approval of the attached resolution to approve the loan modification and extension under stated conditions. Commissioner Diggs made a motion to approve the resolution. Commissioner Knight seconded the motion which passed with a unanimous vote. The resolution is attached to and made a part of these minutes. The Board of Commissioners of the Newport News The Board was provided copies of a resolution authorizing and approving the terms Redevelopment and and provisions of the consent agreement regarding the acquisition by the purchaser. Housing Authority Authorizing and Ms. Shaw reported that in 2018, the Newport News Redevelopment and Housing Approving the Authority Board of Commissioners authorized the issuance of revenue bonds not to Purchase of the exceed $18,000,000 to finance improvements to the property formerly known as General Partner (“GP) Harbour Newport News Apartments, now Newport Harbour Apartments, a 200-unit Membership Interest of Harbour-Newport News residential community located on Madison Avenue. She advised that Harbour- Limited Partnership By Newport News, GP, LLC, the general partner of Harbour-Newport News Limited Standard Newport Partnership, has agreed to sell its 0.01% general partner membership interest to a Harbour GP LLC (the purchaser, pending required approvals, including consent from the investor limited “Purchaser”) From the Harbour-Newport News partner and the Board of Commissioners. GP, LLC (The “Seller”)
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