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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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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

National Mortgage News , Friday, June 24, 2016
(RECAP: The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing. Mortgage brokers are taking advantage of the opportunity to lock in rates on applications already in their pipelines. The drop in rates comes as investors flee to the safety of the 10-year Treasury note that serves as the benchmark for mortgage interest rates, creating a "Brexit benefit" for lenders and borrowers, said Mark Fleming, chief economist of First American Financial. "It should spur further purchase demand and strengthen the opportunity for first-time homebuyers to be able to get in," he said.)
WVEC 13, Tuesday, June 28, 2016
(RECAP: State representatives announced Tuesday that the city of Newport News will be receiving $500,000 from the U.S. Department of Housing and Urban Development's Choice Neighborhoods Planning Grant program. U.S. Senators Mark Warner and Tim Kaine alongside Representative Bobby Scott made the announcement. The funding will support revitalization efforts in local communities. Choice Neighborhood Planning Grants support the development of comprehensive neighborhood revitalization plans which focused on directing resources to address three core goals: housing, people and neighborhoods.)
Mortgage News Daily , Monday, June 27, 2016
(RECAP: Will the homeownership rate fall below 50 percent? Not a question most housing industry stakeholders want to think about, but some analysts are speculating that it could happen. Freddie Mac, in its June edition of Outlook, takes a look at some of those predictions. The economists start out reiterating their conviction that 2016 will be the best year for housing in a decade. Despite a generally weak economy they expect housing to "be an engine of growth," with residential investment providing a direct boost and higher home equity contributing to consumer confidence and leading to higher consumer expenditures. But they concede that the outlook for homeownership is mixed. The rate of homeownership has declined precipitously since hitting a peak of 69 percent during the housing bubble. It fell to a 40-year low a few quarters ago and has remained below 64 percent. Many analysts expect to see the rate fall even further. While most do not expect it to fall under 50 percent, Freddie says a number of recent articles have set out a range of plausible scenarios where a drop of 20 percentage points in the rate could happen by 2050.)
Richmond Times-Dispatch , Monday, June 27, 2016
(RECAP: The Richmond City Council approved the sale of 14 tax-delinquent properties across the city Monday. The city currently sells the properties to nonprofit organizations such as ElderHomes Corp., which will acquire six of the 14 properties following Monday’s vote. The Richmond Metropolitan Habitat for Humanity will acquire six properties, and the Better Housing Coalition will acquire two. Each property will be sold for $1,750 and will be redeveloped. The nonprofits chose which properties were best for them to help develop as low-income housing, said Nicholas Feucht, a project manager analyst in the Department of Economic and Community Development. Councilman Chris A. Hilbert questioned why more isn’t being done to help blighted neighborhoods.)
The Roanoke Times, Sunday, June 26, 2016
(RECAP: Despite the fact that the lake has become a haven for retirees, there aren’t many options for seniors looking to take the next step in life: downsizing or moving closer to amenities like hospitals or shopping. Currently, only one large-scale senior living community operates at the lake: Runk & Pratt’s Smith Mountain Lake Retirement Village. It offers assisted living and independent living cottages that individuals purchase to own. An expansion project is expected to break ground in the next few months. There wasn’t always such a need for senior living options, Gills Creek District Supervisor Bob Camicia said. But now, he said, “pressure” is growing, and he said he knows developers who are looking in that direction as the market grows.)

 

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