DHCD Recommends $4.7 Million Permanent Housing Financing
Newport News Redevelopment & Housng AuthorityLocal Housing Authority · Newport News, VA- Disclosed value
- $4,700,000.00 total: $700,000.00 VHTF Loan, $2,000,000.00 HIEE Loan, and $2,000,000.00 NHTF Loan
- From agendapacket
- Document date
- Aug 18, 2026
- Term
- Permanent loans; term not stated
The 30-second brief
The Choice Neighborhood IV-R Development Corporation recommended authorizing documents for $4.7 million in permanent financing committed through the Virginia Department of Housing and Community Development. The funding consists of three housing loans supporting the 84-unit mixed-income Legacy Landing project.
Virginia Department of Housing & Community Development holds this financial services contract with Newport News Redevelopment & Housng Authority. Its other public contracts on record include work for Arlington County and Northumberland County.
Term as filed: Permanent loans; term not stated.
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Contract details
- Contract type
- Financial Services
- Amount
- $4,700,000.00 total: $700,000.00 VHTF Loan, $2,000,000.00 HIEE Loan, and $2,000,000.00 NHTF Loan
- Document date
- August 18, 2026
- Term
- Permanent loans; term not stated
- Source document
- Choice Neighborhood IV-R Development Corporation AgendaPacket Bond Loan Forbearance and Permanent Financing 2026-08-18 (AgendaPacket)
Virginia Department of Housing & Community Development's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Newport News Redevelopment & Housng Authority?
Virginia Department of Housing & Community Development was awarded this financial services contract by Newport News Redevelopment & Housng Authority, as recorded on August 18, 2026. The contract value is $4,700,000.00 total: $700,000.00 VHTF Loan, $2,000,000.00 HIEE Loan, and $2,000,000.00 NHTF Loan.
How much is the Virginia Department of Housing & Community Development contract with Newport News Redevelopment & Housng Authority worth?
The Virginia Department of Housing & Community Development contract with Newport News Redevelopment & Housng Authority is valued at $4,700,000.00 total: $700,000.00 VHTF Loan, $2,000,000.00 HIEE Loan, and $2,000,000.00 NHTF Loan, covering financial services work.
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 Choice Neighborhood IV-R Development Corporation AgendaPacket Bond Loan Forbearance and Permanent Financing 2026-08-18 (AgendaPacket), dated August 18, 2026 from Newport News Redevelopment & Housng Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Virginia Department of Housing & Community Development hold?
Virginia Department of Housing & Community Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor 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.