Norfolk council members losing patience with community funder’s failures

By: Jim Morrison

Outlets: Virginia Mercury

Published: February 2, 2026

Words: 1,279

Last Updated: 3 weeks, 2 days ago

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More than three years after Norfolk’s City Council passed a resolution requiring Hampton Roads Ventures, a for-profit subsidiary of the city’s housing authority, to make its “best efforts” to invest in the city, its 2025 annual report reveals a $15 million investment in two projects in other states, but none in Norfolk. Some City Council members are losing patience.

The report reveals HRV funded $8 million in tax credits for Biltwise Modular Structures, a …

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