Authority Amends NNUDAG Loan For Tradition Brewing

The Newport News Redevelopment and Housing Authority approved a loan extension and modification agreement with Tradition Brewing Company under the NNUDAG program. The amendment restructures the repayment schedule, suspends late fees during a defined catch-up period, and maintains personal guarantor protections.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Sixth restructuring since August 2018; extension includes three double payments to cure delinquency, continued existing interest rate, and retention of all original and 10%+ owner guarantors.

Document type

AgendaPacket

Source document

Newport News Redevelopment and Housing Authority Agenda Packet 2026-06-16

Related contracts

Other contracts from Tradition Brewing Company.

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newport_news_city_council_work_session_minutes_jan.pdf

ONGOING

City of Newport News, VirginiaJan 28, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Newport News Redevelopment & Housng Authority?

Tradition Brewing Company was awarded this financial services contract by Newport News Redevelopment & Housng Authority, as recorded on June 16, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Newport News Redevelopment and Housing Authority Agenda Packet 2026-06-16 (AgendaPacket), dated June 16, 2026 from Newport News Redevelopment & Housng Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tradition Brewing Company hold?

Tradition Brewing Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Tradition Brewing Company's profile

What is Newport News Redevelopment & Housng Authority currently buying?

Explore Newport News Redevelopment & Housng Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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