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Minutes of a Meeting of the
Newport News Redevelopment and Housing Authority
April 21, 2026
Ms. Shaw explained that through this transaction, the purchaser will obtain full
controlling interest in the project and assume all obligations associated with the
bonds. She further noted that the purchaser will maintain the affordability
requirements by reserving at least 40% of the units for households earning no more
than 60% of the area median income. The acquisition is expected to support the
continued availability of safe, decent, and affordable housing for low- to moderate-
income residents in the city.
Ms. Shaw recommended approval of the attached resolution.
Commissioner Bell made a motion to approve the resolution. Commissioner Black
seconded the motion which passed with a unanimous vote. The resolution is
attached to and made a part of these minutes.
The Board was provided copies of a resolution authorizing and approving the terms
The Board of
Commissioners of and provisions of the consent agreement regarding the acquisition by the purchaser.
the Newport News
Redevelopment and Ms. Shaw reported that in 2013, the Newport News Redevelopment and Housing
Housing Authority
Authorizing and
Authority Board of Commissioners authorized the issuance of revenue bonds not to
Approving the exceed $6,725,000 to support the acquisition and rehabilitation of the property
Purchase of the formerly known as North Jefferson Square Apartments, now James River Flats, a
James River Flats 100-unit multifamily community located on Shelter Circle. She advised that Jefferson-
Apartments by Newport News Limited Partnership, affiliated with Silver Street Holdings, has agreed
Standard James to sell the project and is seeking Board approval of the terms and provisions outlined
River Owner LLC in the consent agreement.
(the “Purchaser”)
from the Jefferson-
Newport News Ms. Shaw stated that the purchaser will assume all outstanding bond obligations and
Limited Partnership will continue to meet affordability requirements by reserving at least 40% of the units
(The “Seller”) for households earning no more than 60% of the area median income. She noted that
the acquisition will support the continued provision of safe, decent, and affordable
housing for low- to moderate-income residents.
Ms. Shaw recommended approval of the attached resolution.
Commissioner Bell made a motion to approve the resolution. Commissioner Diggs
seconded the motion which passed with a unanimous vote. The resolution is
attached to and made a part of these minutes.
Mr. Jackson reported and highlighted key updates for the Board’s review. He noted
Report to the that the report outlines various improvement projects in different stages of completion,
Board including those completed underway, and recently initiated. Mr. Jackson drew
attention to several high-priority projects that significantly impact residents’ living
environments.
He reported that a contract was recently awarded for health and safety improvements
at Aqueduct Apartments, which will address common area repairs, including building
painting and other maintenance needs, although a commencement date has not yet
been established. He further advised that bids were due for capital improvement
projects at Ashe Manor Apartments, including replacement of the building’s chiller,
trash compactor, and isolation valves, and noted that a well-attended pre-bid meeting
is expected to result in multiple submissions. Additionally, Mr. Jackson highlighted
extensive renovation plans at Pinecroft Apartments, where strong contractor interest
was also observed. He indicated that these projects are among the Authority’s most
anticipated and are expected to begin as early as May.
Ms. Lockley reported the NNRHA Controlled Multi-Family Properties Waitlist data as
follows: There are 2454 Public Housing applications, 27 of which are approved
leaving 2427 pending applications. The Housing Choice Voucher program has 4023
applications, of which 68 were approved with 3955 pending. During the month of
March, the Public Housing program housed 8 new applicants. The Housing Choice
Voucher Program housed 27 new applicants for a total of 36 new applicants housed.
The Public Housing program is currently occupied at 97% and the Housing Choice
Voucher program is currently at 85%. The MOD Rehab Program, which includes
Warwick SRO, is 96% occupied. All of the apartment affordable housing communities
are occupied at 94% on average.Jump to an indexed page (744 of 744)