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CAPITAL ACTIVITY
Asset Repositioning Strategic Plan for Public Housing Portfolio
AH Forward held two work sessions with senior staff on May 19th and 20th to discuss its
approach to developing the Asset Repositioning Strategic Plan and to gather input on
general repositioning issues and property-specific conditions. These sessions helped AH
Forward draw on staff’s institutional knowledge of each property’s history, current condition,
and potential for repositioning. The next step for AH Forward is to finalize the RFP for an
engineering firm to conduct a Capital Needs Assessment (CNA) of the Authority’s public
housing developments.
The CNA, staff input, and other performance metrics will guide AH Forward’s analysis of the
Authority’s public housing developments and support informed decision-making for
repositioning options, fostering trust in the process.
Capital Fund Program (CFP)
The Authority receives capital funds annually to support the development, financing, and
modernization of public housing developments, as well as management improvements. To
ensure these funds are used promptly for planned modernization projects, HUD requires at
least 90% of CFP funds to be obligated within two years of availability and fully expended
within four years. Failure to meet these deadlines may result in sanctions, including potential
loss of funds or other penalties, and the recapture of unexpended funds. As in previous
years, the Authority met both requirements by obligating its 2024 CFP funds of $3.67 million
before May 5, 2026, and fully expending its 2022 CFP funds of $3.98 million before May 11,
2026.
RAD Properties Management, Operations, and Fiscal (Pre-MOR) Review
The Authority issued an RFP for a consulting firm experienced in operating RAD
developments under the Project-Based Rental Assistance (PBRA) program to evaluate the
management, operations, and fiscal performance of NNRHA’s six RAD properties, totaling
498 units. The RFP was released on March 13, 2026, and closed on May 4. After reviewing
the proposals for completeness, Procurement forwarded them to the review committee for
evaluation and ranking. The committee selected Du & Associates as the Pre-Management
and Occupancy Review (Pre-MOR) consultant.
Du & Associates has worked with PHAs nationwide to strengthen compliance, improve
operations, increase rent recovery, and support long-term asset sustainability, particularly at
RAD-converted PBRA properties. Its Pre-MOR services have helped many agencies
achieve strong MOR ratings. This contract was very timely for NNRHA because Cypress
Terrace, one of its RAD PBRA properties, underwent a MOR review by HUD’s Multifamily
Division in early May. The review identified several areas of concern, and Du & Associates’
first assignment assisted the Authority in addressing HUD’s concerns and developing a plan
to recover voucher rent, and rent/expense-level adjustments owed to Cypress Terrace.
Marshall Courts – Phase VII Demolition (88 Units)
The demolition project of the 88 units of Marshall Courts Phase VII will be completed before
the end of June 2026. All of the finishing touches are being performed. Currently, sidewalks,
along with curbs and gutters are getting poured. Hydroseeding is underway and the planting
of trees will finalize the completion of this project. Until future development opportunities are
determined, the site will remain as green space.
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