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5C
NEWPORT NEWS REDEVELOPMENT AND HOUSING AUTHORITY
DATE:
TO:
FROM:
SUBJECT:
MEMORANDUM
June 9, 2026
Members, Board of Commissioners
Lysandra M. Shaw, Executive Director (MS
Tenants’ Accounts Receivable Charge-off, Seven Months,
Ending April 30, 2026 — All Public Housing Properties
The attached list of proposed charge-offs of Tenants’ Accounts
Receivable is presented for your review and approval.
There are 23 accounts recommended for charge-off action with a total
dollar value $33,856.28 for the period of October 1, 2025 — April 30, 2026.
The average amount per vacated account is $1,472.01.
Recoveries from previously charged-off accounts are $32,003.53 for the
12 months ending April 30, 2026. In December 2025 the Board approved
charge-offs for May 1 — September 2025 in the amount of $80,402.09.
This reduces our actual loss to $82,254.84 this fiscal year representing
3.3% of anticipated rents. We budget 2% of our net rental revenue as a
collection loss.
As comparison, previously we have charged-off the following amounts
(excludes collections):
Monthly Average
Oct 2022-Sept 2023. $ 216,329.88 $ 18,027.49
Oct 2023 - Sept 2024 $ 189,901.65 $ 15,825.14
Oct 2024 — Sept 2025 $ 105,179.60 $8,764.96
Proposed:
| Oct 2025 — April 2026 | $33,856.28 | $ 4,836.61
Adoption of the attached resolution authorizing the charge-off in the total amount
of $33,856.
LMS/LKD
28 for the seven-month period ending April 30, 2026 is recommended.
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