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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

10/22/2015Top Producing Mortgage Loan Officers Recognized by VHDA
10/20/2015Fall Update - VHDA eNews
9/18/2015VHDA Offers Mortgage Credit Certificate Program to Help First-Time Homebuyers
8/17/2015A Good Summer for Housing – VHDA eNews
5/12/2015VHDA Launches New Programs – Spring 2015 eNews
4/9/2015VHDA Tax Credit Director Receives
3/20/2015Virginia Housing Policy Advisory Council Holds First Meeting
2/25/2015Southside Community Development and Housing Corp. y La Autoridad de Desarrollo de Vivienda de Virginia (VHDA) le están trayendo una clase en español para la Educación al Comprador de Casa por primera vez
1/8/2015VHDA Receives VCEE Community Partnership Award
12/9/2014Holiday Greetings, Online Resources & News

News Clips, Wednesday, November 25, 2015
(RECAP: More young adults are now living with their parents than during the recession, according to U.S. Census data. The share of 18-to-34-year-olds living with their parents was 31.5% as of March 2015, up from 31.4% last year, according to a report from the Commerce Department on Monday. In 2005, just 27% of young adults lived with their parents, a number that has climbed pretty steadily since then. But the trend of young people continuing to live at home is unlikely to significantly reverse course any time soon, even as the economy improves. The rise in children living with their parents is largely related to the fact that people are marrying and having children later, not to the weak economy and housing market. Single people without children are more likely to continue living at home much later.)
RealEstateRama, Tuesday, November 24, 2015
(RECAP: HUD announced the availability of new funding to help local communities across the country to redevelop severely distressed public and HUD-assisted housing and transform surrounding neighborhoods. The funding announcement introduces an additional, innovative component to the Choice Neighborhoods Planning Grant, called Planning and Action Grants. Grants of up to $2 million will enable communities to create a locally driven plan to transform struggling neighborhoods, as well as implement early improvements, such as reclaiming vacant property and attracting new businesses. Choice Neighborhoods Planning Grant funds are available for public housing authorities, local governments, nonprofit organizations, and tribal entities. Applicants must submit a completed electronic application through by February 9, 2016.)
Richmond Times-Dispatch , Tuesday, November 24, 2015
(RECAP: In a stone courtyard flanked by well-kept apartment units adjacent to an intersection that was once an open-air drug market, Richmond Councilwoman Ellen F. Robertson beamed. The complex that hosted a throng of city officials, including Mayor Dwight C. Jones, on Tuesday was restored with the help of $112,000 from Richmond’s Affordable Housing Trust Fund, which had sat dormant since its establishment in 2008. That investment, Robertson said, will support the development or rehabilitation of nearly 200 affordable housing units in a city with a 26 percent poverty rate and too few options for cost-burdened families. Officials said that awards from the fund are designed to encourage the development of these units, which otherwise might not be built.)
NCSHA, Tuesday, November 24, 2015
(RECAP: Last week, Moody's Investors Service released a report predicting a stable financial outlook in 2016 for state HFAs. The report concludes that the continued growth of state HFAs median margins (net revenue/total revenue) and strong loan production indicates a stable outlook for fiscal year (FY) 2016. Moody's says HFAs must begin to rebuild their balance sheets by adding more mortgage loan assets to their portfolios to achieve a positive outlook. The report also stresses the importance of HFAs' strong loan production in 2014 and 2015 as a contributing factor to the sector's stable outlook. State HFAs' loan production is expected to grow to $11.5 billion by the end of calendar year (CY) 2015, up from $9.7 billion in CY 2014.)
Richmond Times-Dispatch , Monday, November 23, 2015
(RECAP: Revitalization in Richmond’s Manchester District south of the James River is about to ramp up again. A local developer last week bought a 12.8-acre parcel — where empty warehouse buildings sit, off Semmes Avenue near Cowardin Avenue — for $3.7 million. Allen said Harper Associates envisions a mixed-use development involving retail. But the process is just beginning to unfold. “We closed on Thursday, and now the work begins.” The property was purchased by Manchester Town Center, a limited liability company managed by Harper Associates, from Alleghany Waterhouse Co. Inc.)


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