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News Clips

Multi-Housing News , Thursday, April 23, 2015
(RECAP: Community Preservation and Development Corp. will begin development of the Highland Park Senior Apartments, an adaptive reuse project that will provide 77 new affordable senior apartments in Richmond, Va., at the site of the former Brookland Park Senior Apartments. The Highland Park Senior Apartments financing structure consists of 9 percent Low-Income Housing Tax Credits awarded by VHDA and purchased by Capital One via Hudson Housing Capital; federal and state historic tax credits; and a $750,000 commitment from the City of Richmond—$500,000 as a Section 108 loan and $250,000 in Community Development Block Grant funds.), Thursday, April 23, 2015
(RECAP: For the second straight year, more Americans name real estate than stocks, gold, savings accounts/CDs or bonds as the best long-term investment. Real estate leads with 31% of Americans choosing it, followed by stocks/mutual funds, at 25%. Today real estate is either the top choice or tied for the top choice as the best investment among all major gender, age and income groups.)
Affordable Housing Finance, Thursday, April 23, 2015
(RECAP: Jim Chandler has announced his retirement from the Virginia Housing Development Authority (VHDA) after 40 years of service. He will close out his career in February. As director of the state’s low-income housing tax credit (LIHTC) program for the past 18 years, Chandler has helped refine the program, including encouraging the use of green-building strategies. While Chandler has been firmly rooted in Virginia, his influence extends beyond the state. His longtime and steady presence has made him the dean of LIHTC allocators.)
CNBC , Wednesday, April 22, 2015
(RECAP: U.S. home resales surged to their highest level in 18 months in March as inventories improved, a sign of strength in the housing market ahead of the spring selling season. The National Association of Realtors said on Wednesday existing home sales increased 6.1 percent to an annual rate of 5.19 million units, the highest level since September 2013. The percent increase was the largest since December 2010.)
WMAR, Wednesday, April 22, 2015
(RECAP: WMRA’s Kara Lofton talks to local experts about how solving the housing crisis could be the answer to eliminating homelessness in Virginia.)
Chesterfield Observer, Wednesday, April 22, 2015
(RECAP: With its unanimous approval of the Ettrick Special Area Plan last week, the Board of Supervisors ensured that the county will have a role in guiding revitalization of the aging village adjacent to Virginia State University. VSU’s real estate development company is expected to break ground soon on a 111,500-square-foot mixed-use project along Chesterfield Avenue. The building will feature commercial space on the ground floor with three stories of apartments above.)
The News & Advance , Wednesday, April 22, 2015
(RECAP: Rush Homes is moving one step forward in its quest to build a new housing development for people with low incomes and disabilities. In a unanimous decision, the Lynchburg Planning Commission approved recommending to City Council that it allow the rezoning of a five-acre wooded tract in the vicinity of Old Forest Road. Rush Homes currently provides 71 homes and apartments for disabled residents with low incomes in Lynchburg and Madison Heights. Last week, the nonprofit held a grand opening ceremony for Armstrong Place, a 28-unit apartment building located in the former Armstrong Elementary School in Lynchburg.)
Reston Now, Wednesday, April 22, 2015
(RECAP: Just 10 months after it began, Reston Master Plan Phase 2 — which will cement guidelines on future development — is sprinting towards approval. Phase 1 guides development near Reston’s transit centers, some of which were without previous residential development in the immediate area. Phase 2, which will guide development and redevelopment in neighborhoods and near Reston’s village centers, launched last June. But under the county’s new Fairfax Forward plan, it is already prepared for the planning commission. After that it will go to the Board of Supervisors for final approval on June 2.)
The Washington Post , Tuesday, April 21, 2015
(RECAP: More than a quarter of households in the U.S. now contain one person, alone. In 1940, it was about 7 percent. This trend has all kinds of consequences, including a particularly problematic one for where we live: Our housing stock wasn't built for a society full of singles. Our communities instead are full of homes meant for the traditional nuclear family.)
The HUDdle , Tuesday, April 21, 2015
(RECAP: The highest number of fair housing complaints HUD and its fair housing partner agencies receive today allege discrimination based on disability, comprising 53 percent of all complaints. As America celebrates the 47th anniversary of the Fair Housing Act, we acknowledge the tremendous challenges that persons with disabilities continue to face in America and recommit ourselves to ensuring that everyone in our society has the benefit of equal treatment.)
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