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Roll Call
Approve Minutes of
January 16, 2024
Meeting
Election of Chairman
and Vice Chairman
Affirm Appointment of
President, Secretary and
Treasurer
Other Business
Minutes of a Meeting of the
Choice Neighborhood IV-R Development Corporation
January 21, 2025
Having duly given public notice, the Board of Directors of the Choice Neighborhood IV-
R Development Corporation met at the offices of the Authority at 227-27" Street, in the
City of Newport News, Virginia, at 9:19 a.m. on Tuesday, January 21, 2025.
The meeting was called to order by Chairman Davis and those present were as
follows:
Directors Present: Kenneth Penrose
Lisa Wallace-Davis
William Black
George Knight
Barbara Holley
Thaddeus Holloman
Lou Call
Also present: Raymond H. Suttle, Jr.
Kaufman & Canoles, P.C.
Lysandra M. Shaw
Executive Director
Tera Lockley
Director of Housing
Valarie Ellis, Director
Administrative Services
Lisa Dessoffy, Director
Finance
David Staley, Director
Community Development
Kayonia M. Betts
Executive Assistant
Justin Orie
NNRHA IT Department
Tricia Wilson
City of Newport News, Department of Development
Director Penrose made a motion to approve the minutes of the January 16, 2024,
meeting. The motion was seconded by Director Black and passed with a majority vote.
Ms. Call abstained as she was not present.
Director Black made a motion to elect Dr. Lisa Wallace-Davis to the position of
Chairman and Mr. Thaddeus Holloman to the position of Vice Chairman. The motion
was seconded by Director Knight and passed with a unanimous vote.
Director Penrose made a motion to affirm the appointment of Lysandra Shaw as
President, Secretary and Treasurer. The motion was seconded by Director Knight and
passed with a unanimous vote.
Ms. Shaw reported this is the project at the former Ridley site property located south of
16" Street. There is a total of 84 units which are all townhouses. Out of these units, 15
are market rate, 45 are designated as replacement units, and 24 are classified as
affordable market rate units. Construction is anticipated to be completed in February
2025.Jump to an indexed page (75 of 75)