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EXHIBIT A
FORM OF BOND
UNITED STATES OF AMERICA
COMMONWEALTH OF VIRGINIA
NEWPORT NEWS REDEVELOPMENT AND HOUSING AUTHORITY
MULTIFAMILY HOUSING REVENUE BOND
(STUART GARDENS II APARTMENTS)
SERIES 2026
No. R-1 $24,000,000
Initial
Interest Date of Initial Mandatory
Rate Maturity Original Issue CUSIP Number Tender Date
[_ _%] October 1, 2030 [July __], 2026 October 1, 2028
REGISTERED OWNER: CEDE & CO.
PRINCIPAL AMOUNT: TWENTY-FOUR MILLION AND NO/100 ($24,000,000) DOLLARS
Newport News Redevelopment and Housing Authority (together with its successors and assigns,
the “Issuer”), a political subdivision of the Commonwealth of Virginia, for value received, promises to pay
to the Registered Owner specified above or registered assigns, but solely from the sources and in the manner
referred to herein, the principal amount on the maturity date specified above (subject to optional redemption
as set forth herein), which shall be equal to $24,000,000 and to pay from those sources interest thereon at
the aforesaid interest rate on (a) each April 1 and October 1, commencing October 1, 2026; (b) any date the
Bonds (hereinafter defined) are called for redemption prior to maturity; (c) each Mandatory Tender Date;
(d) the Maturity Date; and (e) the date of acceleration of the Bonds (each an “Interest Payment Date”) until
the principal amount is paid or duly provided for. This Bond will bear interest from the most recent date
to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for,
from its date of delivery. Any capitalized terms not defined herein shall have the meanings given to them
in the Indenture (hereinafter defined).
This Bond shall bear interest during each Interest Period at a rate per annum equal to the Interest
Rate. Interest on the Bonds shall be calculated on the basis of a three hundred sixty (360) day year
consisting of twelve (12) 30-day months.
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