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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

11/26/2014Top Producing Mortgage Loan Officers Recognized by VHDA
8/13/2014Clase de VHDA para la Educación al Comprador de Casa en Español
6/11/2014Letter from Executive Director
6/11/2014Board of Commissioners Update
6/11/2014New Secretary of Commerce and Trade
6/11/2014Tax Credits Fund New Life for Old Hotel
6/11/2014HUD Guidelines Have Changed
6/11/2014Reaching Out to Hispanic Homebuyers
6/11/2014NOVA Housing Expo
6/11/2014Annual Charity Golf Tournament

News Clips

RealEstateRama, Thursday, December 18, 2014
(RECAP: HUD’s $45 billion budget allows the Department to support the individuals and organizations that we currently serve, but also limits HUD’s ability to help some new families reach the middle class or pursue their dream of homeownership. As the President has said, the legislation is a compromise and no one got everything they wanted. But, it is a step towards proving that a divided government can work without governing by crisis or threatening an economic recovery that’s growing stronger – which the President believes is a hopeful sign for next year.)
The Washington Post , Wednesday, December 17, 2014
(RECAP: Lenders say they’ve consistently eased their credit standards throughout the year, but potential home buyers still aren’t biting, according to a Fannie Mae survey of top mortgage executives at 192 institutions. The survey results released Wednesday suggest that the lenders are loosening up, perhaps because they need to boost their profit margins or because they’re responding to recent federal policy changes to encourage them to widen access to credit – or both. But they’re still having trouble luring buyers, which suggests that 2015 will not be a breakout year for the housing market.)
HousingWire , Wednesday, December 17, 2014
(RECAP: When the Federal Housing Administration announced its “Blueprint for Access” in May, it said the program was designed to open up the credit box for “underserved borrowers.” One of the main features of the FHA’s Blueprint for Access was a pilot program called Homeowners Armed with Knowledge, or HAWK. Under the four-year HAWK pilot program, homebuyers who committed to housing counseling would qualify for tangible savings on their FHA-insured loans. But funding for the HAWK program was not included in the Consolidated and Further Continuing Appropriations Act, 2015, signed by President Obama this week, therefore the program will not be moving forward for at least a year.)
Washington Business Journal , Wednesday, December 17, 2014
(RECAP: An Arlington-based nonprofit affordable housing developer is pitching a large market-rate building for Alexandria's West End as a means of financing a companion affordable building next door. The project, now in Alexandria's planning pipeline, will be located on property AHC Inc. has acquired from the Trustees of St. James Methodist Church. AHC proposes to redevelop the property with two six-story buildings, one containing 92 affordable units and the other 132 market-rate units. The reason for building market-rate, said Catherine Bucknam, AHC's director of community relations, "is to subsidize the cost of constructing the affordable housing.")
HousingWire , Tuesday, December 16, 2014
(RECAP: Anyone following the public discourse about the mortgage market knows that lending is overly tight right now. And those who follow the issue closely understand that a primary driver of this tightness is uncertainty over how Fannie Mae, Freddie Mac and the FHA enforce their underwriting rules. What most do not realize is that that there is another major driver: the increasingly high cost of servicing delinquent loans. Our new report explains how this high and often difficult-to-control cost is driving lenders to apply credit overlays, particularly in their FHA lending.)

 

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