FINANCIAL_SERVICESAPPROVED

Newport News Redevelopment and Housing Authority Board of Commissioners Meeting Agenda April 2026

Authority Approves GP Interest Transfer to Standard Newport Harbour

Newport News Redevelopment & Housng AuthoritySTANDARD NEWPORT HARBOUR GP LLCApril 21, 2026

Trusted by teams at

Description

The Board approved Standard Newport Harbour GP LLC’s acquisition of the general partner membership interest in Harbour-Newport News Limited Partnership and authorized execution of a Consent Agreement. The purchaser assumes obligations under the Authority’s $18 million Series 2019 multifamily housing revenue bonds and related regulatory covenants for the Newport Harbour Apartments.

Contract Details

Vendor

STANDARD NEWPORT HARBOUR GP LLC

Agency

Newport News Redevelopment & Housng Authority, VA

Contract Type

FINANCIAL_SERVICES

Document Date

April 21, 2026

Contract Term

Bond maturity to 10/1/2060; GP interest transfer dated January 2, 2026; resolution effective April 21, 2026

Renewal Date

2060-10-01

Renewal Info

Bond and regulatory obligations continue through the bond maturity date of October 1, 2060; the consent and assignments are permanent until bonds are repaid or documents are amended.

More from STANDARD NEWPORT HARBOUR GP LLC

Related Contracts

Newport News Redevelopment and Housing Authority Board of Commissioners Meeting Agenda April 2026

APPROVED

Newport News Redevelopment & Housng Authority (Virginia)April 21, 2026

Issuing Agency

Newport News Redevelopment & Housng Authority

Local Housing Authority

Newport News, VA

View agency profile

Vendor