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Roll Call
Approve Minutes of
January 21, 2025
Meeting
New Business
A Resolution of the
Board of Directors
Authorizing the
Borrowing and Lending
of Loans to Choice
Neighborhood Ill-R, LLC
VHTF Loan, HIEE Loan
and NHTF Loan
Minutes of a Meeting of the
Choice Neighborhood III-R Development Corporation
November 18, 2025
Having duly given public notice, the Board of Directors of the Choice Neighborhood IIl-
R Development Corporation met at the offices of the Authority at 227-27" Street, in the
City of Newport News, Virginia, at 9:23 a.m. on Tuesday, November 18, 2025.
The meeting was called to order by Chairperson Davis and those present were as
follows:
Lisa Wallace-Davis
William Black
George Knight
Barbara Holley
Andrea Diggs
Alonzo Bell
Directors Present:
Also present: Raymond H. Suttle, Jr.
Kaufman & Canoles, P.C.
Lysandra M. Shaw
Executive Director
Ronald Jackson
Deputy Executive Director
Tera Lockley
Director of Housing (Via ZOOM)
Felicia Simmons
Director, Administrative Services
Lisa Dessoffy
Director, Finance
Kayonia M. Betts
Executive Assistant
Justin Orie
NNRHA IT Department
Tricia Wilson
City of Newport News, Via ZOOM
Wayne Edwards
General Public
Cory McCoy
General Public
Director Davis made a motion to approve the minutes of the January 21, 2025, meeting.
The motion was seconded by Director Knight and passed with a majority vote. Ms.
Diggs and Mr. Bell abstained as they both were not present.
Ms. Shaw reported on October 18, 2022, the NNRHA Board of Commissioners and CN
lll-R Board of Directors authorized the Executive Director to execute loan documents to
facilitate the construction and development of the CNI onsite housing phase of Choice
Neighborhood Implementation grant, which was constructed north of 16" street on the
former Ridley Place site.
Further authorization is needed to allow the Executive Director to execute documents
to convert the current construction loan to permanent financing.
The approval of the attached resolution authorizes the Executive Director to execute
the loan documents and take such other actions in the furtherance of this resolution.
Approval is recommended.Jump to an indexed page (75 of 75)