Doing Business

Procurement (“Procurement” consists of both contracts and modifications (include change orders) for construction or services, as well as purchases, lease or rental of supplies and equipment).

The Procurement Policy, adopted by the Petersburg Redevelopment and Housing Authority (PRHA) in connection with its purchase of goods, services, insurance or construction from individual companies, is intended to ensure that PRHA will obtain a high standard of services and goods at practical prices, that all procurement procedures will be conducted in a fair and impartial manner with avoidance of any indecency or appearance thereof, and that the business of PRHA will be accessible to all qualified vendors. This police further reflects PRHA’s intent to make certain that no offer will be randomly or by chance disqualified and that full and open competition is consistent with the standards of 24 CFR ‘85.36, PRHA’s Annual Contributions Contract with the United States Department of Housing and Urban Development (“HUD”), and the applicable provisions of the 1950 Code of Virginia, as amended, will be sought to the highest extent possible. To ensure PRHA is not partial to any particular vendor, it is our intent to make certain that precise rules pertaining to our contracts are written clearly before all competition and that specifications will reflect PRHA’s procurement needs.

Section 3 of the Housing and Urban Development Act of 1968: Section 3 promotes local economic development, neighborhood economic development, and individual self-sufficiency. It requires that recipients of certain US Department of Housing and Urban Development (HUD) financial assistance, to the greatest extent possible, provide job training, employment, and contract opportunities for low or very low-income residents in connection with projects and activities in their neighborhoods.

Contractors, residents, and citizens are encouraged to visit the website of the US Department of Housing and Urban Development to learn more about Section 3 at: www.hud.gov/section3

Click on the appropriate selection below to access HUD forms.

General Information on Multifamily Tax Exempt Financing

The Petersburg Redevelopment and Housing Authority (PRHA) is a conduit issuer authorized under state and federal law to issue tax-exempt bonds for multifamily rental housing projects. The Authority considers applications for tax-exempt bond financing for qualified housing developments needed to fund loans to for-profit and nonprofit developers for the acquisition and rehabilitation or new construction of affordable rental developments. These projects are not owned, operated nor managed by the Authority. In addition, the multi-family bonds issued by the Authority are not secured by public revenues.

Please contact Nathaniel Pride, Executive Director, by phone at: 804-733-2200 or by email at: nathaniel.pride@petersburgrha.org