Back to VHDA Home
Follow VHDA LinkedIn Facebook YouTube RSS Feed Google+ VHDA Blog
Español | Text Size: A- A  A+ | Print Print

News Center

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.

Can't wait for our next newsletter? Subscribe to VHDA's Blog and follow us on Facebook and LinkedIn.

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

12/22/2016Free VHDA Homeownership Classes Set For Central Virginia
12/21/2016Free VHDA Homeownership Classes Set For Hampton Roads
12/8/2016Free VHDA Homeownership Classes Set For Northern Virginia
9/29/2016VHDA Wins Two National Housing Awards
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

News Clips

CNBC, Tuesday, January 24, 2017
(RECAP: House hunters out this spring will have to pound more and more pavement to find their home sweet home. The number of for-sale listings fell again in December to the lowest level since 1999, according to the National Association of Realtors. There were just 1.65 million homes for sale at the end of December, which at the current sales pace would take only about 3 ½ months to exhaust. A normal, balanced market has about a six-month supply. The shortage is being driven by surging demand and weak home construction. Single-family housing starts continue to rise, but very slowly each month. Builders are still operating at well below normal construction levels, and that doesn't even account for pent-up demand from the housing crisis and growing household formation. Tight supply is pushing home prices past their peaks in some markets and well past income growth nationally. Mortgage rates were historically low in 2016, helping to offset the higher prices, but that is not the case this year.)
HousingWire, Tuesday, January 24, 2017
(RECAP: The Committee On Banking, Housing, and Urban Affairs unanimously voted to approve Ben Carson as Secretary of the U.S. Department of Housing and Urban Development on Tuesday morning as his nomination process nears the final leg. From here, Carson’s nomination moves to the Senate floor for consideration. The date is up to Republican leaders and not yet set. Sen. Mike Crapo, R-Idaho, chair of the U.S. Senate Committee on Banking, Housing, and Urban Affairs stated during the sessions that HUD would benefit from having a secretary with a different perspective and a different background.)
Scotsman Guide, Monday, January 23, 2017
(RECAP: The Trump administration’s move last week to suspend indefinitely a planned insurance-premium cut for FHA loans could hamper home affordability and keep thousands of first-time homebuyers on the sidelines, according to some housing advocates. The International Center on Housing Risk, however, says that loan data from the last FHA premium reduction in 2015 shows that won’t be the case. The 2015 premium reduction did not save borrowers much money in real terms or draw many new people off the sidelines, but did drive up home prices and steer borrowers away from other loan programs that carry less risk to taxpayers, the center said, based on an evaluation of thousands of FHA home purchase loans. A nonprofit research arm sponsored by the American Enterprise Institute, the International Center on Housing Risk is a conservative-leaning group that tends to promote market-based solutions for the housing industry and has been a critic of moves to boost the market share of FHA-backed loans.)
Novogradac, Monday, January 23, 2017
(RECAP: Last fall’s election outcome greatly increased the likelihood of changes in the Internal Revenue Code, including a reduction in corporate tax rates. Because of this possibility, corporations are analyzing potential consequences for their investments in low-income housing tax credit (LIHTC) properties. As a result the LIHTC equity market is experiencing significant disruption. However, it’s important to note there is no shortage of demand for LIHTCs. Rather, the current questions involve pricing, with many closings delayed, and those deals that are going forward being closed with notably less equity.)
NCSHA, Monday, January 23, 2017
(RECAP: The FHFA recently published proposed Evaluation Guidance that outlines FHFA’s expectations for how the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will develop their plans to fulfill their obligations under the “Duty to Serve” rule. The guidance also describes the evaluative process FHFA will use to determine whether each GSE has met the objectives of its Duty to Serve plan. The Duty to Serve rule requires Fannie and Freddie to support lending for housing for low-income families in three underserved segments of the housing finance market: manufactured housing, affordable housing preservation, and rural areas. To facilitate these activities, the GSEs are obligated to submit to FHFA once every three years an Underserved Market Plan outlining how they to intend help support housing for very low-, low- and moderate-income families (those earning 100 percent of area median income or below) in the specified markets. FHFA is soliciting public comments on the draft Evaluation Guidance through May 12.)

 

NOTE: You will need Adobe’s Acrobat Reader (.pdf), Microsoft Word Viewer (.doc), Microsoft Power Point Viewer (.ppt), or Microsoft Excel Viewer (.xls) in order to view some of the documents on this page.