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HUD Preserves Affordable Rental Homes In Newport News, VA

 Nearly $6 Million transaction has been done to support the preservation of 40 affordable housing units for low-income residents. 

November 21, 2023

The Department of Housing and Urban Development (HUD) closed a Rental Assistance Demonstration (RAD) transaction with the Newport News Redevelopment and Housing Authority at Townhomes. With this transaction, NNRHA rehabilitates 40 affordable rental homes via a combination of funds from state, local, and federal sources. NNRHA will also be able to ensure that the property is updated and preserved to provide safe and affordable housing to residents for many more years. 

Orcutt Townhomes features 22 duplex townhomes and is adjacent to several local amenities such as grocery stores, businesses, and schools. A new community facility will also be built, the funds for which will be given in part by the HUD Choice Neighborhoods Initiative. The property will also go through upgrades, extensive rehabilitation, community amenities, and updates to resident homes. Every home will have a new kitchen, windows, plumbing, and appliances, along with complete interior and bath refurbishment. Many of these improvements aim to increase energy efficiency and reduce its impact on the environment. 

The construction cost for the project is estimated to be around $6.05 Billion or$150,000 per home. The financing for this project will be done through the Low Income Housing Tax Credit Equity and funds from the HOME Investment Partnerships Program, and the Virginia Department of Housing and Community Development. 

About RAD

The Rental Assistance Demonstration (RAD) Program has revitalized nearly 200,000 public housing units and improved the living conditions for more than 500,000 individuals and families. The main purpose of developing this program was to address the multi-billion dollar backlog of deferred maintenance and stem the loss of affordable housing no longer keeping decent standards. RAD has facilitated more than $17.7 Billion in capital investment since its inception to improve rent-assisted homes for low-income families, seniors, and persons with disabilities.

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The content provided in this article draws inspiration and includes quotes from various reputable sources, including news articles, government data, and interviews. Affordable Housing 411 strives to ensure accuracy and credibility, but the information presented may be based on some external sources. We encourage readers to refer to the referenced materials for more in-depth insights and verification.

Department of Housing and Urban Development. “HUD To Preserve and Rehabilitate Affordable Rental Homes in Newport News, VA”. Department of Housing and Urban Development, November 15, 2023, 

HUD To Preserve and Rehabilitate Affordable Rental Homes in Newport News, VA | / U.S. Department of Housing and Urban Development (HUD)

Last Updated: September 20, 2021