2011 Annual Report

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Cover Upper photo: Hampton and Old Dominion Universities build for sustainability with “Unit 6 Unplugged� entry into U.S. Department of Energy Solar Decathlon competition. NRHA acted as technical advisor to the student architects and engineers. Lower photo: Miracle Grow: Youth gardeners sow seeds for sustainable urban agriculture at Calvert Square apartments. This page photo: Over 75,000 visitors attending, Fall Homearama at East Beach, experience why the community won the Congress for New Urbanism 2011 Charter Award for sustainability.

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FY2011 Annual Report


Introduction

from the Chief Executive Officer NRHA received a record nine 2011 National Awards of Merit from the National Association of Housing and Redevelopment Officials (NAHRO), putting it in the top tier of best-practice agencies nationwide. Pictured: NRHA CEO Shurl Montgomery and NAHRO President Akinola Popoola.

From highly efficient affordable homes powered by the sun to urban gardens that improve land-use, access to fresh produce and healthy lifestyles, sustainability is not a passing fad. It is a way of living and working that is here to stay. As new technologies, policies and business practices emerge, NRHA is transforming to capture new opportunities, position ourselves for future competitiveness and save money. “Moving Toward Sustainability” is the theme of this year’s annual report and the following pages highlight many of our repositioning initiatives now or soon to be underway. We appreciate the support of our Board of Commissioners as well as City and community partners as we move down the path to greater sustainability.

Sincerely,

Shurl R. Montgomery, CEO

FY2011 Annual Report

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Here Comes the Sustainable Neighborhood: 14 contemporary EarthCraft townhomes rise on 26th St. in Lamberts Point.

Present for the November 12 groundbreaking for the Lamberts Point townhomes were L to R: NRHA Commissioner Robert Soble, Vice Mayor Anthony Burfoot, NRHA Commissioner Robert Layton, Lamberts Point Civic League President Ellen Harvey, NRHA CEO Shurl Montgomery, Congressman Bobby Scott, City Councilman Barclay Winn, Senator Yvonne Miller and NRHA Board of Commissioners Chairman W. Sheppard Miller, III.

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FY2011 Annual Report


Board of Commissioners

Clockwise from left:

Bob Layton, Robert Soble, Chairman of the Board Sheppard Miller, III Vice-chairman Barbara Hamm Lee, F. Nash Bilisoly, Hattie Anderson (Trevor Robinson - not pictured)

Miller

Hamm-Lee

Robinson

W. Sheppard Miller, III was re-elected chairman of the board. Norfolk City Council named Trevor Robinson and Barbara Hamm Lee to the Norfolk Redevelopment and Housing Authority (NRHA) Board of Commissioners. Trevor Robinson is an attorney with Robinson Law Group serving Norfolk. Barbara Hamm Lee is WHRO’s TV Creative Services Officer. She has been elected Vice-chairman to NRHA’s Board of Commissioners.

FY2011 Annual Report

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Executive Leadership Team

Back row: Nat McCormick Architect

Richard Archer

Human Resources Director

Julius Norman Workforce Development Coordinator

Shurl Montgomery

Ed Ware

Chief Executive Officer Communications and Executive Director and Marketing Director

Tim Coyle

Legal Counsel

John Kownack

Chief Housing Reinvention Officer

Front row: Brenda Benn

Budget and Compliance Director

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Donnell Brown Chief Housing Officer

Donna Mills Property Management Director

FY2011 Annual Report

James Gehman

Chief Development Officer

Michael Clark

Senior Real Estate Development Specialist

Clara Graves

Chief Financial Officer

Jamie Jones

Information Services Director


Highlights: 2010-2011 Goals: 1) Quality Housing Opportunities for All - NRHA is committed to providing a continuum of housing options for households of all incomes seeking housing. 2) Sustainable Mixed-Income Communities - There is a need for a new housing model to create a healthy physical and social environment that would appeal to a wider range of incomes. 3) Strategic Business Approach - To meet changing requirements and to make the best use of our resources, we are developing a new approach for the delivery of products and services. 4) Community Engagement & Support - Recognizing the interrelated nature of our mission, NRHA resolves to work to become a trusted partner that works collaboratively with key Norfolk citizens, stakeholders and partners.

1. Quality Housing Opportunities for All

• •

NRHA rental portfolio consists of 3,466 assisted multifamily units, 2,800 housing choice vouchers (HCV) and 1,241 privately-managed multifamily apartments for a total of 7,507 households with 17,566 occupants. This represents eight percent of Norfolk’s population and households. Average income of assisted-rental household is $8,643. Ninety-five percent of assisted-rental residents have income below 30% of area median income (AMI), which is $20,000 for a four person household. Currently there are 4,000 applicants on assisted-rental waiting list. 6,844 Norfolk residents or 3% of city populations lives in quality affordable private-market rentals. The program serves 79 of Norfolk’s 83 census tracts. Average HCV household income is $16,491. Ninety-five percent of HCV participants have incomes below 30% AMI. For FY 2011, NRHA provided $21 million for housing assistance payments to 1,260 land lords. An economic impact analysis by the the College of William and Mary’s Mason School of Business concluded that for FY 2010 the HCV program provided $28.5 million in new local spending, which supported production of $19.8 million in goods and services within Norfolk, produced by 180 employees. The Housing Choice Voucher program leased 411 new households in FY 2011 and was awarded 150 non-elderly disabled vouchers yielding an additional $1.2 million.

Annual Assisted-Rental Plan approved by the U.S. Department of Housing and Urban Development (HUD) June 16.

Village Gardens, 40-unit senior apartment complex, opens on West 39th St. in Lamberts Point and wins 2011 NAHRO Award of Merit.

Rezoning makes way for 43-unit expansion at existing 114-units Partrea senior apartments located at Tidewater Dr. and I-64. Construction pending approval of housing tax credits application.

New Tenant Management Councils and Resident Advisory Boards were elected at assisted-rental properties. These councils and boards will be supported by a new officer training program.

Youth from assisted-rental communities learn first-aid and fire safety skills at the Fire Science Camp. FY2011 Annual Report

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Highlights: continued 2. Sustainable Mixed-Income Communities

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On March 25, NRHA and City of Norfolk were presented with a check for $250,000 by HUD for the “Choice Neighborhoods” grant to plan the transformation of St. Paul’s Quadrant into a sustainable mixed-income, mixed-use community. The grant was one of only 17 awarded nationally and the only grant awarded in Virginia. “Choice Neighborhoods” is HUD’s new and expanded version of the HOPE VI program.

April 27 demolition event featuring remarks from Congressman Bobby Scott, Mayor Paul Fraim and Vice Mayor Anthony Burfoot begins clearance of obsolete Moton Circle on 11 acres at 2500 Jamaica Ave. This will make way for further “broadening” of vibrant Broad Creek mixed-use and income community. William & Mary Mason School of Business preparing report documenting recent economic impacts of NRHA housing and redevelopment actitivites. Final report expected early 2012.

FY2011 Annual Report

The Central Brambleton neighborhood is the first case study to be completed by William and Mary. Since early 1990s $22.7 million has been spent there on neighborhood improvements. In 2010, this neighborhood generated $415,000 in property revenue with an assessed valuation of $37.4 million (increase of 360% since 2001). Property improvements increased by $15.3 million or 523% and underlying land values surged by $3.4 million or 420%. Twenty new residences are planned next year for Central Brambleton with a development value of over $4 million.

As of summer 2011, 400 apartments and 94 homeownership units have been completed in Broad Creek. Another 184 dwelling units are planned on the north side of Princess Anne Rd. when market conditions and infrastructure funding allow.

With a $56 million donation from the Ray and Joan Kroc Foundation, founders of McDonald’s Corp., and $22 million in local donations, a groundbreaking is scheduled in late 2011 for the 80,000 square foot Kroc Center. Expected to open in December 2012, the community center in Broad Creek will be the premier fitness and wellness facility in Hampton Roads.


Highlights: continued

Property acquisitions and demolitions at intersection of Brambleton and Park Ave. move South Brambleton Redevelopment Plan forward. Site will eventually be used for transit-oriented development.

Major corridor improvements underway along Monticello Ave., Central Hampton Blvd and Lafayette Blvd. to prepare for future commercial and residential development.

14 contemporary EarthCraft townhomes under construction on 26th St. between Hampton Blvd and Bowdens Ferry Rd.

The Maplewoods @ Olde Huntersville, featuring 27 EarthCraft townhomes, is completed.

NRHA Builders and Designers Guild hosted two events that featured national experts in green building and other innovative design and construction techniques.

Ed Begley Jr. congratulates Paul Cramer, Energy System Engineering Manager & Rusty Carlock, NRHA Senior Architect for achieving the first LEED Gold building in Norfolk for the Grandy Village Learning Center (as certified by the US Green Building Council). Begley, a noted Hollywood star, is also one of the nation’s leading environmental advocates. The actor was in town to keynote the Old Dominion University “Engineering Unplugged” conference.

Grandy Village Learning Center (GVLC) certified with “Gold” designation by U.S. Green Building Council Leadership in Energy and Environmental Design (LEED) rating system making it first building so designated in Norfolk. It also won 2011 NAHRO Awards of Merit and Excellence; the Green Building Pioneer Award from Norfolk Environmental Commission; and the River Star Award, the highest honor bestowed by the Elizabeth River Foundation for leaders in environmental stewardship of the Elizabeth River. The Elizabeth River Project berthed its learning barge at GVLC.

FY2011 Annual Report

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Highlights: continued •

Since 2003, NRHA first-time homebuyer programs (HomeNet/HOME) have closed more than 500 buyers. In FY 2011 there were 48 closings, which resulted in residential sales of $7.2 million and $5.3 million in mortgage loans. NRHA’s Residential Rehabilitation program assisted eight households in Campostella and Wards Corner. Its Equity Secure program assisted 37 households. One Aesthetic Improvement Loan and five Aesthetic Improvement Grants were awarded and 46 households were helped by the Emergency Repair Grant Program,

bringing the Residential Rehabilitation program’s total FY11 commitment to Norfolk homeowners to $2,823,285.

East Beach contains 363 single-family lots and 21 multifamily lots, of which 85% are developed. About 250 single-family and 50 condominium units are completed. Average lot price to date is $147,000 and average home price is $734,000. Total home values of $230 million yields $2.6 million in annual tax revenue. Approximately 15,000 square feet of commercial space has been developed.

3. Strategic Business Approach

• • •

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Board of Commissioners approves $95.3 million capital and operating budget for FY 2012. A public hearing was held May 25 to seek citizen input.

In an era of high energy costs and tight budgets, NRHA is in final negotiations with AMERESCO for an energy services agreement that could result in over $14 million in energy conservation measures and capital improvements at assisted-rental properties. These will generate $35 million in energy savings over 20 years, that can be used to pay for the cost of the work.

Hampton Roads Ventures (HRV), NRHA’s New Markets Tax Credits subsidiary, HRV Bids farewell to founding CEO Robert Jenkins Jr., and transitions to new leadership of CEO John Kownack and CFO Terri Giuliana. HRV broke ground on the mixed-use Jazz @ Walter Circle senior living facility in East St. Louis, IL., and closed on a financing structure for a Kroger supermarket in Columbus, Ohio.

Final design was completed for a new NRHA headquarters that would consolidate all staff at one location. The current headquarters at 201 Granby St. is listed for sale and construction financing to start the new building has been secured pending the sale of 201 Granby St.

A retirement incentive package for employees eligible for full retirement was offered with 18 employees choosing to participate. A comprehensive organizational repositioning, to include review of programs, services and positions, is underway. Results will be presented to the Board of Commissioners for inclusion in the FY 2013 budget. For FY 2011 NRHA secured $1.99 million in competitive federal grants from the Federal Transit Administration (FTA) and HUD. NRHA won $943,000 under FTA’s Job Access and Reverse Commute (JARC) and New Freedoms programs as well as $720,000 from HUD for the Resident Opportunities and Self Sufficiency Coordinators (ROSS). Additional grants of $332,000 were gained for family selfsufficiency programs. A comprehensive physical needs assessment of NRHA’s assisted-rental properties was completed and identifies over $157 million in capital improvement needs over the next 20 years. Average age of these properties is 59. FY2011 Annual Report


Highlights, continued 4. Community Engagement & Support

NRHA teamed with Tidewater Builders Association, City of Norfolk and East Beach Co. to present Fall Homearama 2010 at East Beach, which attracted over 75,000 visitors. East Beach was also the site of the 2011 Coastal Living Ultimate Beach House and won a 2011 Congress for the New Urbanism (CNU) Charter Award, the highest CNU honor given to recognize “excellence in fulfilling and advancing the principles of the Charter of the New Urbanism, which defines the essential qualities of walkable, sustainable places from the scale of the region down to the block and building.”

A Youth Achievement Banquet was added to this year’s Annual Recognition of Achievement Banquet. The honor roll students celebrated with an evening of bowling at AMF Norfolk Lanes and a special appearance by former Bowling Green resident and heavyweight boxer Dorsett Barnwell, bronze medal winner of the 2006 Junior World Championships.

“Getting Fit Together” partnership with National Heart Lung and Blood Institute, the “Parenting Connection” program of building strong parent role models and “Girls 2 Women” mentorship program as well as new resident orientation program win 2011 NAHRO Awards of Merit.

“Neighborhood Patterns” named best newsletter by Virginia Association of Housing and Community Development Officials (VAHCDO) and received 2010 NAHRO Award of Merit.

Annual Recognition of Achievement Banquet held June 3 honored 290 residents for strides in homeownership, college graduation, and scholarships, entrepreneurships, community volunteer activities, economic independence, workforce training and employment.

FY2011 Annual Report

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Highlights: continued •

“The Regional Section 3 Compliance Summit held June 30 drew a strong audience with a focus on ensuring that economic opportunities are appropriately directed towards Section 3 residents and contractors. Another topic was the Alternative Procurement Program for businesses that partner with assisted-rental resident-owned businesses. Tidewater Gardens resident, Claudette Woodhouse named recipient of VAHCDO and E.L. Hamm scholarship awards to attend ODU.

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In April, some 100 students planted smooth cordgrass plugs for wetlands restoration along the Elizabeth River at Grandy Village.

FY2011 Annual Report

Created a digital archive of more than 23,000 historic photographs, dating from the 1870s. Visit www.nrha.us


Highlights: continued

Re-designed website and 70th Anniversary Campaign, “Setting the Example” win 2011 NAHRO Awards of Merit. Website also recognized with Gold Award from League of American Communications Professionals.

Norfolk Public Schools recognizes NRHA as A+ Community Partner

The Fifteenth Annual Educational Conference and Health Fair, held June 2011, was attended by 176 seniors.

In the world’s largest annual report competition, with over 4,400 entries from over 25 countries, the League of American Communications Professionals (LACP) awarded NRHA 2010 annual report top place in global real estate sector and 18th best overall.

NRHA served as technical advisor to student teams from Old Dominion and Hampton Universities, selected as one of 20 nation-wide, to compete this fall in U.S. Department of Energy’s Solar Decathlon that demonstrates inventive clean energy solutions by building affordable solar-powered homes.

NRHA exhibits at 2010 Governors Housing Conference and 2010 Urban Land Institute Annual Meeting.

FY2011 Annual Report

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NRHA FY2012 Budget Overview “Moving Toward Sustainability” The Approved Fiscal Year 2012 (FY2012) Consolidated Annual Operating and Capital Budget sets forth both revenue and expenditures for the Authority. It delineates operating and program budgets for specific initiatives within conservation neighborhoods and public housing communities. The budget reaffirms NRHA’s: • •

Strengthened commitment to fiscal responsibility, and Prudent objectives to ensure affordable housing, promote homeownership, and provide community development opportunities to the citizens of Norfolk.

Details in NRHA’s budget are easily categorized by three divisions and their numerous programs. The Authority proposes FY2012 budget expenditures of $95,283,006 which represents a 7.9% net decrease under previous year’s $103 million budget. NRHA believes the approved budget addresses all of our fiscal needs while also putting us on the path to greater future accomplishments.

Total FY2012 Budget

$95,283,006 0.5% OTHER

21.7% DEVELOPMENT

77.8% housing

77.8% Housing provides an ongoing stream of funding that makes up the gap between what low-income tenants can afford to pay in rent and the cost of operating housing and resident services programs; partner with Housing Reinvention to redevelop housing properties.

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21.7% Development to partner with communities to develop out the existing land inventory; continue to create a robust homeowner assistance capacity to include rehabilitation products, homebuyer subsidy, credit repair and counseling.

FY2011 Annual Report

0.5% Other includes cost to support internal and external initiatives that are otherwise ineligible under federal programs.


FY2012 Budget Overview, continued

PROJECTED REVENUES There are six primary REVENUE sources:

• HUD Grants • City Grants • Tenant Income • Other Income • Earnings - Privately Managed • Program Reserves Approprpriation Revenue Picture: Overall, revenues to the Authority’s major funds reflect no growth, presenting significant budgetary challenges in view of general inflationary pressures. HUD’S operating subsidy and Housing Choice Voucher’s administrative fees have been drastically reduced for their fiscal year allocations. The City of Norfolk’s federal grant programs declined at a rate of 16% for CDBG and 11% for the Home Program. The City’s borrowing capacity for general obligation bonds has impacted budgeting resources for conservation activities in neighborhoods.

Revenue Trends & Percentages Housing Operations.................................................... $74.1 million (77.8%) which includes $10.1 million from Housing Reinvention Programs Development Operations......................................... $20.7 million (21.7%) Other Operations............................................................. $.46 million (0.5%) Revenues for Housing Operations will decrease by $6.4 million (-8 percent) compared to FY2011. Development Operations revenues will decrease by $1.6 million (-7.2 percent). Other operations will decrease by $.176,000 (-27.7 percent) as compared to FY2011. The $4.6 million decrease in Housing Operations funding is attributable to direct program activities (Capital Fund Stimulus; Fire and Safety Grant) nearing completion this fiscal year. The Development Division will experience a $1.6 million net (-7.2 percent) decrease in funding due to the completion of an acquisition project, anticipated by June 30, 2011. Development is largely funded by city grants and HUD grants which have been stable in prior years, but FY2012 projected revenues have some uncertainty that will need close monitoring.

FY2011 Annual Report

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FY2012 Budget Overview, continued

PROJECTED EXPENDITURES There are eleven primary EXPENDITURE categories:

• Labor • Employee Benefits • Other Admin. • Program Costs • General Expenses • Principal Payment on Debt

• Capital • Operation Cost • Operation Transfers In • Capital & Multi-year Pgm. Stimulus • Capital & Multi-year Programs

Expenditure Picture: This approved budget includes no significant reductions in services or in funded positions. Instead, the FY2012 budget has been balanced through a combination of strategic budget reductions and the use of non-recurring funds. The approved budget also offers no employee merit increases, cost of living or market adjustments. While the approved budget meets the shot-term needs of the Authority, it is emphasized that an organizational structure that continues to rely on the use of non-recurring resources and the absence of increase in employee compensation is not sustainable in the long term. We are evaluating several initiatives are underway to further reduce our budget and generating new recurring funding to include: • Retirement incentive programs for employees who qualify for a full, unreduced service retirement; • Restructuring efforts that include a review of programs, services and positions; and • Pursuit of new grant opportunities and/or partnerships to provide continued support for programs and services.

Expenditure Trends & Percentages: Housing Operations ...............................................$74.2 million (77.8%) which includes $10.2 million from Housing Reinvention Programs Development Operations ....................................$20.7 million (21.7 %) Other Operations..........................................................$0.46 million (0.5 %) Authority-wide expenditures have been reduced by $8.2 million (-7.9%) from FY2011. Expenditure reductions are a result of direct program activities nearing completion. The Capital Fund Stimulus grant provided $9.5 million in FY2010 for capital and management activities in our public housing communities and those funds will be obligated or expended by the end of FY2011. Development Operations expenditures will decrease by $1.6 million (-7.2 %). The major expenditure reduction is the completion of the Hampton Blvd acquisition project. Other operations will decrease by $.176,000 (-27.7 percent), as compared to FY2011.

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FY2011 Annual Report


FY2012 Budget Overview, continued The chart below represents a division budget comparison of FY2012 Approved vs. FY2011 Projected Revenue and Expenditures.

FY2012 Approved vs. FY2011 Projected Revenues and Expenditure Comparisons FY2012 vs. FY2011 Revenues and Expenditures

Total

Housing

Development

Other

FY 2012 ($)

95,283,006

74,160,409

20,662,519

460,078

FY 2011 ($)

103,518,593

80,609,066

22,272,804

636,723

$ Change

(8,235,587)

(6,448,657)

(1,610,285)

(176,645)

(7.9%)

(8.0%)

(7.2%)

(27.7%)

100.0%

77.8%

21.7%

0.5%

% Change (FY11 to FY12) % of FY2012 Budget

Administration: NRHA’s health insurance premiums will increase by an average of 6.43 percent in January, 2012. Increased cost will be shared between employees enrolled in the plan and NRHA. Employer contribution to Virginia Retirement System (VRS) remains level for FY2012 at 15.38%, and VRS life insurance at .28% of regular full time wages.

Overview Conclusion: Staffing costs are being controlled through attrition and position control measures. While new positions are being proposed under the new budget, total headcount is anticipated at 327 employees in FY2012 which is a net increase of three positions. Current earnings are not allocated into unrestricted reserves during this time of uncertain economic conditions and continuing revenue reductions. If these conditions do not improve within the next fiscal year, further reserves reductions will transpire.

We don’t just build homes, we create neighborhoods. Would we want to live there? Until the answer is YES, we’re not done!

FY2011 Annual Report

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Statistical Digest

of Housing and Community Revitalization

ASSISTED-RENTAL APARTMENTS (Managed by NRHA) Community Names

Units

Occupied

Acres

84

1980

3

Broad Creek

300

2006

87

Calvert Square

310

1957

19

Diggs Town

422

1952

30

Franklin Arms (Senior)

100

2003

3

Grandy Village

363

1953

44

91

1978

3

138

1952

11

25

1988

7

Oakleaf Forest

257

1942

24

Partrea Apartments (Senior)

114

1979

6

Scattered Site Transitional

17

1993

N/A

Sykes Apartments (Senior)

84

1980

2

Tidewater Gardens

618

1955

44

Young Terrace

752

1953

36

Bobbitt Apartments (Senior)

Hunter Square (Senior) Moton Circle North Wellington Place

TOTAL Assisted Rental Units

3,675

NRHA-OWNED APARTMENTS (Under Private Management) Merrimack Landing

492

1941

56

Mission College

260

1990

13

Oakmont North

408

1971

21

81

1977

5

Park Terrace TOTAL UNITS

1,241

Housing Choice Voucher Program (as of 06/30/11) Vouchers in use

3,763

Participating Landlords

1,278

Homenet FY2011 First-Time Buyer Closings …..…………............…………….…30 TOTAL Residential Sales ……………………...………………..…..…...$4.2 million TOTAL Mortgage Loans Generated …………….....…..…........…….$3.1 million

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FY2011 Annual Report


Statistical Digest, continued MULTI-FAMILY DEVELOPMENTS Units

Berkley II Sumler Terrace Apartments

126

Carney Park Beechwood Apartments

136

Central Brambleton Area

32

Condominium Conversions

52

Downtown West Redevelopment PierPointe Condominiums Freemason

72

River Park Condominiums

44

The Heritage at Freemason Harbour

180

Educational Center Bowe Apartments

16

Ghent (includes Ghent Conservation) Ghent on the Square Apartments

110

Ghent Village Apartments

140

Grace Covenant

79

Scattered apartment projects

150

Huntersville Huntersville Village Apartments

180

Huntersville II Paradise Gardens Apartments

84

Rosemont Baily Parker Townhouses

114

Cedarwood Village Apartments

104

Dundale Apartments

100

Oakmont Apartments

128

Ramblewood I and II Apartments

300

St. Andrews Place Condominiums

184

Spartan Village Townhouses

69

TOTAL Multi-Family Units

2,400

FY2011 Annual Report

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Statistical Digest, continued SINGLE-FAMILY & TOWNHOME PRODUCTION * Under construction

Units

Occupied

Acres

5

2001

1

17th to 19th Bay

22

2002

3

Attucks Square

28

1990

4.5

Attucks Square West

24

1992

5

Bay Oaks Place

10

1994

1.4

Bell Diamond (6-15)

74

1973

8

* Broad Creek

70

2005

86

Carney Park

72

1976

25

Central Brambleton Arch

30

2001

4.9

Cottage Place

11

1999

2.3

204

2004

100

10

2000

1.3

462

1976

65

Ingleside

23

1995

4.9

Lamberts Point

14

2011

1.5

Lincoln Gardens

54

1981

18.8

Meadowbrook Woods

120

1979

32

Middle Towne Arch

188

1986

62

8

1997

1

Park Place East at Broadway

21

2006

12

Pinewell-by-the-Bay

73

1990

19

108

1997

51

27

2010

3

Townhouses @ East Church

12

2007

3

Wellington East

19

1991

3

300

1974

31

31

2004

3.7

No.

Units

$million

1

N/A

$9.9

Commercial Industrial/Other Development Bonds

76

N/A

$184.9

New/Rehabilitation Multi-family

30

5,879

$149.6

1

N/A

$53.2

8th to 9th Bay

* East Beach Gatewood Square Ghent Square

Osborne Road

StoneBridge Crossing * The Maplewoods at Olde Huntersville

Wellington Oaks Westchurch Scattered Site In-Fill (new and rehabilitated)

4,642

Total Single-Family Units

6,282

REVENUE BOND ACTIVITY (since 1977) Type

East Ocean View Acquisition Bond

Retirement Community

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FY2011 Annual Report


Statistical Digest, continued CONSERVATION PROJECTS Area *Inactive projects

Acres

Started

Ballentine Place

244

1987

Bayview Rehabilitation District

733

1989

Berkley II

8

1972

Berkley III

200

1986

Campostella Heights

80

2001

Central Brambleton

77

1991

234

1973

299

1988

33

1974

571

1989

155

1969

67

1986

386

1979

89

1994

106

1988

28

1983

221

1973

83

1986

West Ocean View

362

1981

Willoughby

138

2000

* Colonial Place-Riverview Cottage Line * Downtown West East Ocean View * Ghent Kensington /Dominion Place * Lafayette-Winona Lamberts Point Mid-Town Industrial * North Titustown Park Place Villa Heights

TOTAL PROJECTS: 20

4,114

Special service districts

Started

Fairmount Park

2007

Wards Corner

2008

Campostella

2010

TOTAL Rehabilitation Loans/Grants Made In Conservation Areas Since 1969: 3,346

Valued at $92.7 million

FY2011 Annual Report

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Statistical Digest, continued REDEVELOPMENT PROJECTS Project *Closed-out projects

Acres

Start

141

1957

medical center

28

1969

residential

Berkley II (A-1-5)

68

1972

residential

Berkley IV

36

1994

residential

Church Street

29

1977

commercial

* Downtown East (R-18)

20

1961

commercial, public

Downtown North (R-8)

106

1958

commercial, public

Downtown South (R-9)

72

1961

commercial, public

Downtown West (A-1-6)

70

1973

residential, commercial

E. Ghent North (A-1-2)

90

1969

residential, schools

E. Ghent South (A-1-1)

69

1969

residential

150

1989

residential

118

1969

residential, schools

Hampton Blvd.

66

1997

commercial, residential, institutional, office, retail

Huntersville I (R-70)

28

1971

residential

Huntersville II

71

1980

residential

Old Dominion (R-28)

37

1963

campus expansion, commercial, residential

Project #1(UR1-1)

123

1951

commercial, public

Rosemont (R-25)

305

1962

residential

South Brambleton

142

1991

industrial

10

1978

public

Atlantic City (R-1) * Bell-Diamond (A-1-3)

East Ocean View * Educational Center (A-1-4)

* Wood Street TOTAL PROJECTS: 21

22

Primary Land Use

1,779

Special Projects

Completed

Attucks Theatre

2004

MacArthur Center

1999

Tidewater Community College - Norfolk Campus

2000

Waterside Festival Market Place

1983

FY2011 Annual Report


Statistical Digest, continued SENIOR HOUSING DEVELOPMENTS* Units

Carney Park Tucker House

127

Educational Center Cogic

150

Ghent John Knox Towers

150

Huntersville II Calvary Towers Medical

112

Facilities of America Nursing

180

Lamberts Point Village Pointe Apartments

60

Village Gardens

40

Middle Towne Arch Annetta Lane

40

Grace Place

40

Rosemont Braywood Manor

228

TOTAL

1,127

*Developed by NRHA, now under different management

FY2011 Annual Report

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Produced by NRHA’s Communications and Marketing Dept.

201 Granby Street Norfolk, Virginia 23510-1816 Main Phone Number: (757) 623-1111 TDD for Hearing Impaired: (800) 545-1833 Fax: (757) 314-2105 www.nrha.us


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