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Purpose
The purpose of this Request for Proposal (RFP) is to solicit proposals from qualified professionals,
consulting firms or independent consultants (“Respondents”) to conduct an independent and objective
review of the Newport News Redevelopment and Housing Authority’s (NNRHA or “Authority”)
financial operations, accounts and accounting practices, internal controls, organizational structure,
compliance practices, financial management systems, and related operations as outlined in the Scope
of Services (Section III).
The Authority seeks an objective assessment of its financial management framework to evaluate the
effectiveness of existing systems and processes and identify opportunities to strengthen internal
controls, improve operational efficiency, reduce organizational and financial risk, enhance
accountability and transparency, support regulatory compliance with applicable requirements, and
promote long-term financial sustainability.
The review shall, at a minimum:
e Evaluate the effectiveness of NNRHA’s financial management systems, processes, and practices.
e Assess the adequacy and effectiveness of internal controls and risk management practices.
© Identify operational inefficiencies, process gaps, and organizational risks that may affect financial
performance or accountability.
e Evaluate compliance with applicable U.S. Department of Housing and Urban Development
(HUD), federal, state, and local laws, regulations, policies, and requirements.
e Review financial reporting, budgeting, monitoring, and financial decision-making processes.
e Assess the financial management, oversight, and controls applicable to affiliated entities and
redevelopment activities.
© Identify opportunities to improve financial accountability, efficiency, transparency, and
organizational effectiveness.
¢ Provide practical, actionable recommendations and an implementation framework to strengthen
financial management practices and support the Authority’s long-term financial stability and
performance.
Background
The Newport News Redevelopment and Housing Authority (NNRHA), which operates under Title 36
of the Code of Virginia mid is governed by a Board of Commissioners appointed by the Newport
News City Council. An Executive Director, appointed and retained by the Board, oversees the day-to-
day operations of the Authority. NNRHA serves the residents of Newport News, Virginia through
affordable housing, redevelopment and community development programs. NNRHA administers a
number of public and subsidized housing programs throughout the City of Newport News. NNRHA
operates under a number of Contribution Contracts with the United States Department of Housing and
Urban Development (HUD). The Authority receives revenue from dwelling unit rentals and federal
subsidies/grants, manages multiple funding streams and legal entities and maintains relationships with
federal, state, local, nonprofit and private stakeholders. NNRHA currently owns and operates
approximately 799 conventional public housing units distributed throughout twelve different
communities, administers 3,080 Housing Choice Vouchers and the Community Development Block
Grant, the Home Investment Partnership and the Emergency Shelter Grant under a contract with the
City of Newport News. In addition to being governed by the State and local law, much of NNRHA's
activity is governed by regulations of the U.S. Department of Housing and Urban Development
(HUD). NNRHA currently has two approved Title 36 (Code of Virginia) redevelopment plans.
Scope of Services
The selected consultant shall conduct a comprehensive review of NNRHA's financial operations. The
review should include, at a minimum, the following areas.
Financial Operations, IC & RA Review Initial:
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