Newark Housing Authority Board of Commissioners Meeting Minutes March 2026
HUD Approves MRK Acquisition of Ingerman Management Company
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Description
The Newark Housing Authority reported that HUD approved MRK’s acquisition of Ingerman Management Company, which will be renamed MRK Property Management, LLC and continue managing Alder Creek in coordination with NHA. The ownership and management transition is structured not to add new debt or alter NHA’s purchase rights under the existing option agreement.
Contract Details
Vendor
INGERMAN MANAGEMENT COMPANY
Agency
Newark Housing Authority, DE
Contract Type
PROFESSIONAL_SERVICES
Document Date
March 11, 2026
Renewal Info
Management responsibilities continue under existing mixed-finance and option agreements, but the managing member and management company change from Ingerman-affiliated entities to MRK-related entities.
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