HUD To Preserve and Rehabilitate Affordable Rental Homes in Newport News, VA
“The U.S. Department of Housing and Urban Development (HUD) announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Newport News Redevelopment and Housing Authority (NNRHA) at Orcutt Townhomes. This transaction allows NNRHA to substantially rehabilitate 40 affordable rental homes through a combination of funding from state, local, and federal sources. Through this transaction, NNRHA will be able to ensure that the property is updated and preserved so that it can continue to provide safe and affordable housing to residents for many years to come.”