Consent Agreement Executed for Newport Harbour Acquisition
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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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Issuing Agency
Local Housing Authority
Newport News, VA
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Newport News Redevelopment and Housing Authority Board of Commissioners Meeting Agenda April 2026
Newport News Redevelopment and Housing Authority Board of Commissioners Meeting Agenda April 2026
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