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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

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
6/11/2014Associate Updates

News Clips

The Wall Street Journal , Tuesday, September 23, 2014
(RECAP: The home-buying market picked up sharply in 2013, but it looks as if much of the pickup came from those with the highest incomes. Overall, the number of mortgages made to buy homes in 2013 rose 13% from 2012 to 3.1 million, according to a report by Federal Reserve researchers based on home-lender data submitted under the Home Mortgage Disclosure Act. However, the share of such loans made to low and moderate-income buyers fell sharply. In 2013, about 28% of loans to buy homes went to such borrowers, versus 33% in 2012.)
Richmond BizSense, Monday, September 22, 2014
(RECAP: Tom Wilkinson, head of Franklin Development, will seek approval from the Petersburg City Council next month for a planned 270-unit apartment conversion in the old Brown & Williamson cigarette complex. The revamped development plan, called South Line at Perry Place, calls for 270 apartments between two connected buildings and will allow Wilkinson to apply for both historic tax credits and affordable housing tax credits. The affordable housing tax credits come through a federal program administered by VHDA. The program is known as Section 42 and targets residents that make between 30 percent and 60 percent of the area’s median income. It’s a designation developers often refer to as “workforce housing.”)
Martinsville Bulletin , Tuesday, September 23, 2014
(RECAP: A planned transfer of Martinsville’s Section 8 housing assistance program to the Danville Redevelopment and Housing Authority apparently will not occur, city officials said Monday. In March, the council voted to seek HUD approval to transfer the Section 8 program to Danville’s authority. The move would save Martinsville about $65,000 annually by not having to operate the housing office. Assistant City Manager Wayne Knox said they have informally heard from officials with HUD and Danville’s authority that HUD will not approve the transfer. And, HUD officials with whom they have talked so far have not given any indication as to why the transfer apparently will not be approved.)
The Washington Post , Monday, September 22, 2014
(RECAP: Virginia Attorney General Mark R. Herring (D) on Monday dropped JPMorgan Chase from a mortgage securities lawsuit against the country’s biggest banks, after learning that his predecessor Ken Cuccinelli had already struck a confidential settlement with the bank. The decision comes a week after Herring announced a $1.15 billion lawsuit against 13 of the country’s biggest banks for misleading a state retirement fund about the quality of bonds made up of residential mortgages. JPMorgan and its Washington Mutual subsidiary were named in the suit, along with Citigroup and Bank of America, for packaging faulty home loans into securities sold to the Virginia Retirement System.)
HousingWire, Monday, September 22, 2014
(RECAP: A fundamental and substantial change is coming to the bonds issued by Fannie Mae and Freddie Mac and the way those bonds are issued, but no one seems quite sure when it’s going to happen. And given the GSEs' substantial place in the securitization market, the CSP has been a popular topic of discussion the second day of ABS East, the massive industry conference which focuses on the securitization market. While the final form for the CSP is yet to be determined, the FHFA published its proposal for how it could work in August.)

 

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