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News Clips

Multi-Housing News, Friday, February 17, 2017
(RECAP: Arlington, Va.—Union on Queen, a mixed-income apartment development in suburban Washington, D.C., has opened for leasing. Significant financial support was given to the project from Arlington County and the Virginia Housing Development Authority, as well as from Capital One, Hudson Housing, Walker & Dunlop and Freddie Mac.)
Chicago Tribune, Monday, February 13, 2017
(RECAP: An hour after Donald Trump took the oath of office last month, his administration caught the attention of the real estate industry when it abruptly suspended a planned cut in Federal Housing Administration mortgage-insurance premiums. The Department of Housing and Urban Development cited the need for further analysis to protect taxpayers in halting the policy that would have saved FHA-borrowers as much as $1,000 or more a year.)
CNBC, Thursday, February 09, 2017
(RECAP: The White House is considering a top official at Fannie Mae to head the Consumer Financial Protection Bureau, according to two people familiar with the discussion.)
Richmond Times-Dispatch, Thursday, February 09, 2017
(RECAP: You’re buying your first home — saving all that you can must be right up there on your to-do list. With a mortgage credit certificate (MCC) from VHDA, you can save even more.)
Housingwire, Wednesday, February 08, 2017
(RECAP: Single women are the most popular users of FHA-backed loans within the Millennial population, a phenomenon that left experts at Ellie Mae citing several potential causes.)
The NHP Foundation, Tuesday, February 07, 2017
(RECAP: While it is too soon to tell how the new administration will affect the construction and cost of affordable housing, the nation's 75 million baby boomers are weighing in with their housing concerns. According to a new survey of 1000 Americans aged 55+ from The NHP Foundation, a not-for-profit provider of service-enriched affordable housing, 30% experience anxiety about being able to afford where they live at least once a month, with 42% of retirees reporting such anxiety at least once daily. When asked what causes the greatest anxiety, 46% of respondents said they worry about “the ability to afford desirable retirement living.”)
Fauquier Times, Tuesday, February 07, 2017
A plan to convert the 28-unit Remington Gardens apartments to house low-income tenants drew questions from members of town council on Monday and a vow from one, Devada Allison Jr., that he wouldn’t support it. People Inc., a nonprofit based in Abingdon that provides housing, community services and workforce development assistance to individuals that qualify, plans to purchase and rehabilitate the apartment complex located on Bowen Street.
Bristol Herald Courier, Tuesday, February 07, 2017
(RECAP: The Southwest Virginia counties of Buchanan and Wise will receive almost $900,000 in Community Development Block Grants that will be used to improve infrastructure.)
Washington Examiner, Monday, February 06, 2017
(RECAP: With the Trump administration in power, mortgage bankers see a new opening to release Fannie Mae and Freddie Mac from government control and reshape the housing finance system, marking a shift in the political landscape from the late Obama years.)
Charlottesville Tomorrow, Monday, February 06, 2017
An area teacher is celebrating six weeks of homeownership thanks to assistance provided by the Thomas Jefferson Community Land Trust. The trust received $54,801 in funds from HUD’s community development block grant program to help purchase property for a first-time homebuyer. That means her mortgage is based on the value of the house and not the land. The lower amount made it easier for her to qualify for a mortgage based on her annual income of $30,500.
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