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Sign up today to receive VHDA's eNews. We send our newsletter about six times per year, plus occasional updates on events impacting the affordable housing industry in Virginia. You can also read past editions.

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Members of the news media: You are invited to get in touch with our public relations manager using the contact information in the sidebar of this page. (If you are on a deadline, please contact us by phone).



eNews and Press Releases

6/13/2016Governor McAuliffe Recognizes Virginia Homeownership Month
5/18/2016Clase de VHDA Para compradores de vivienda de primera vez en español.
5/18/2016VHDA Homeownership Education Class Offered in Spanish
4/18/2016Free VHDA Homeownership Classes Set For Hampton Roads in May
4/18/2016Free VHDA Homeownership Classes Set For Northern Virginia in May
4/18/2016Free VHDA Homeownership Classes Set For Central Virginia in May
1/15/2016Free VHDA Homeownership Classes Set For Northern Virginia in February
1/14/2016Free VHDA Homeownership Classes Set For Hampton Roads in February
1/13/2016Free VHDA Homeownership Classes Set For Central Virginia in February
12/28/2015Free VHDA Homeownership Classes Set For Hampton Roads In January

News Clips

WVTF Public Radio , Thursday, September 22, 2016
(RECAP: If you’re spending more than 30-per cent of your income on housing, you are officially ‘cost burdened’ according to the Department of Housing and Urban Development. That means it’s tough to afford other necessities. But people who live in mobile homes can sometimes spend that on utility bills alone. And that means something that seems like an affordable housing option turns out to be a ‘mobile home money pit.’)
The Arlington Connection , Wednesday, September 21, 2016
(RECAP: Since 2000, Arlington County has lost more market-rate affordable housing than it currently has. These are the apartments and condominiums generally affordable to low-income residents without having a rate set by the county, also called non-income restricted affordable housing. Director of Housing David Cristeal said housing price increases in Arlington have put more and more of a burden on the county and local non-profits to maintain housing for Arlington’s low income populations. According to Cristeal, the county currently has 13,000 non-income restricted affordable units, but has lost more than that over the last 16 years. In this two part series, the Arlington Connection will look at how Arlington County government and local non-profits have worked to maintain affordable housing.)
NCSHA, Thursday, September 22, 2016
(RECAP: On September 22, Senate Finance Committee Ranking Member Wyden (D-OR) released a discussion draft of legislation that would create a new tax credit program to stimulate the development of rental housing for middle-income households earning up to 100 percent of area median income (AMI). The legislation would create a new section of the tax code for the new program, which would be modeled after the Low Income Housing Tax Credit (Housing Credit) and administered by state agencies. The proposal envisions a state middle-income credit cap of $1 per capita with a small state minimum of $1.14 million, adjusted for inflation in future years. Any middle-income credit authority unused after the first year in which it is received by the state would be carried over into the Housing Credit program for use in developing low-income rental housing. The program would provide a 50 percent present value credit for qualified middle-income properties, with a minimum 5 percent credit rate. Federally financed properties, including those financed with multifamily Housing Bonds, would not be eligible to receive middle-income credits.)
Mortgage News Daily, Wednesday, September 21, 2016
(RECAP: "Credit unions are thriving" in the words of Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB). He told members of the National Association of Federal Credit Bureaus on Wednesday that while purchase mortgage lending increased by 4 percent in 2014 and by 13 to 14 percent last year, credit unions originated 39 percent more of those mortgages in the first nine months of 2015 than during the same period in 2014. Credit unions often note that they made consumer protection their first priority long before CFPB was born, Cordray said, and it is clear they did not create the financial crisis and performed well during it. For that reason, the Bureau has regularly looked at how credit unions operate and has worked to accommodate their needs.)
Affordable Housing Finance, Thursday, September 15, 2016
(RECAP: As the need for affordable housing grows across the country, low-income housing tax credit (LIHTC) supporters are keeping a close eye on the number of homes being produced under the federal program. Overall, the 2014 total is down about 4.5% from the 103,122 units receiving 9% and 4% credits the year before. The number of units receiving 9% credits went up slightly (62,054 in 2014 vs. 58,823 in 2013), but the number of bond-financed units fell (36,485 in 2014 vs. 44,299 in 2013), according to NCSHA, which surveys housing finance agencies about their activities each year. The organization will release the latest findings in its annual State Housing Finance Agencies Factbook this fall. Affordable housing developers named rising development costs as their biggest concern this year, which found that the average development cost per unit for new construction projects increased to $253,984 in 2015, up from $238,296 the prior year.)

 

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