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FINANCIAL_SERVICESAPPROVED

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

Consent Agreement Executed for Newport Harbour Acquisition

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

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

NNRHA executed a Consent Agreement with Standard Newport Harbour GP LLC on April 21, 2026, formally authorizing the company’s acquisition of the Newport Harbour Apartments and assignment of bond-related obligations. The purchaser will cover all associated legal and transaction costs.

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

Effective upon execution; remains through closing of Project acquisition

Renewal Info

Consent Agreement remains effective through closing and governs obligations related to the acquisition; no renewal is contemplated.

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