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News Clips

RichmondBizSense.com, Thursday, March 23, 2017
(RECAP: A nearly century-old building that’s spent the past two decades as senior apartments has been brought into the 21st century with a $5 million upgrade. City officials and firms involved in the 18-month renovation of the William Byrd building, the 11-story former hotel across West Broad Street from the Science Museum of Virginia, celebrated the project’s completion with a ribbon-cutting ceremony in the lobby Wednesday morning.)
Richmond Times-Dispatch, Wednesday, March 22, 2017
(RECAP: The William Byrd Senior Apartments, located in a historic building that opened as a hotel in 1925, is seeing better days. The 11-story high-rise for low-income seniors at 2501 W. Broad St. across from the Science Museum of Virginia has emerged from a yearlong, $5 million renovation. A ribbon-cutting celebrating the renovation will be today.)
Morning Consult, Tuesday, March 21, 2017
(RECAP: Overhauling Fannie Mae and Freddie Mac is a financial regulation priority for the Trump administration, Vice President Mike Pence’s chief economist said Tuesday, adding that “a set of principles” will likely emerge in the coming months. Officials are examining “what role Fannie and Freddie currently play” in the mortgage market, he said, emphasizing that taxpayers should “never again” bail out the government-sponsored enterprises.)
WCYB-TV, Monday, March 20, 2017
(RECAP: President Donald Trump's proposed budget could save the country $3 billion, but it is at the expense of community development block grants. Trump says the grant money is not demonstrating results, so News 5's Kristi O'Connor went to find out if that is the case in our area. In Marion, programs that are partially funded by block grants have resulted in 27 new businesses, more than 100 new jobs, and 50 new affordable houses.)
Lynchburg News & Advance, Saturday, March 18, 2017
(RECAP: City officials are concerned that proposed initiatives, funded with federal dollars targeted for elimination in the budget proposal released by President Trump last week, will be delayed or perhaps not get off the ground if the budget blueprint holds sway in Congress.)
The Washington Post, Friday, March 17, 2017
(RECAP: Why not consider establishing a regionwide, quasi-governmental housing corporation serving the District as well as suburban Maryland and Northern Virginia? The regional corporation would complement but not duplicate the work of local housing authorities that focus mostly on helping low-income families. Housing the region’s neediest citizens would not be the corporation’s primary goal. Rather, its main mission would be expanding affordable housing opportunities for the region’s indispensable workforce, people with good jobs vital to the local economy but with household incomes insufficient for buying or renting new market-rate housing.)
NBC29.com, Thursday, March 16, 2017
(RECAP: Charlottesville City Council members are trying to figure out what to do if President Donald Trump slashes funding for the city's affordable housing programs. Those funding cuts were in Trump’s budget released Thursday.)
The Roanoke Times, Thursday, March 16, 2017
(RECAP: Cuts to HUD funding in President Donald Trump’s proposed budget would shut off fuel to Roanoke’s 15-year targeted neighborhood revitalization effort and hobble the city housing authority’s ability to maintain public housing, officials say.)
Inside Business - The Hampton Roads Business Journal, Thursday, March 16, 2017
(RECAP: Virginia Community Capital’s website has a new look. VCC, established in 2006 as a community development financial institution with an initial $15 million investment under Gov. Mark Warner, re-launched its updated site featuring more integrative tools March 9.)
Mortgage Professional America, Wednesday, March 15, 2017
(RECAP: Risky mortgages are making up a larger share of new home loans, raising worries that defaults could spike and stymie the housing recovery, according to a USA Today report. The trend in riskier loans seems to be concentrated in mortgages insured by the FHA, according to USA Today.)
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