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News Clips

National Mortgage Professional Magazine, Wednesday, August 09, 2017
(RECAP: Millennials entering the housing market are mostly bypassing Federal Housing Administration (FHA)-backed mortgages, according to new data from Ellie Mae.)
Chicago Tribune, Wednesday, August 09, 2017
(RECAP: If you've been waiting for the long-anticipated news that the two dominant players in the home mortgage arena — Fannie Mae and Freddie Mac — finally have decided to overhaul their outdated credit scoring systems to expand homeownership opportunities for a broader range of consumers, sorry. Your wait just got a lot longer.)
WAMU 88.5, Tuesday, August 08, 2017
(RECAP: A non-profit organization in Alexandria is calling for the city council to invest more funds to build and preserve affordable housing in the area, and has proposed land owned by Metro as potential sites for new units.)
The Washington Examiner, Monday, August 07, 2017
(RECAP: The Department of Housing and Urban Development is poised to reverse the Obama administration's policy and return to a competitive bidding process to award Section 8 housing, according to a well-placed source in the department. The move would overturn the Obama-era methodology of using a grant-style process that was rebuked by administrators and ultimately the U.S. Supreme Court.)
Williamsburg Yorktown Daily, Friday, August 04, 2017
(RECAP: On Friday, James City County submitted a request for proposals, seeking a consultant to evaluate the need for affordable and workforce housing in the county, according to documents released Friday morning.)
Affordable Housing Finance , Thursday, August 03, 2017
(RECAP: CBRE Affordable Housing announced that it has arranged the sale and financing of Parkwood, a 221-unit affordable multifamily property in Falls Church, Va., for $34.4 million.)
Jackson Newspapers, Wednesday, August 02, 2017
(RECAP: Hopewell's revitalization recently got a boost with the announcement of a new 68-unit affordable residential development anchored by commercial space. To offset costs, both the Virginia Housing Development Authority and the city have promised tax breaks to the development, to be called Freedman Point. The most significant of those breaks comes from VHDA, which in June approved $10 million in tax credits, spread evenly over 10 years, through its Federal Low-Income Housing Tax Credit Program.)
Arlington Connection, Tuesday, August 01, 2017
(RECAP: The Arlington Partnership for Affordable Housing (APAH) broke ground Thursday, July 27 on its newest project, Gilliam Place, which will be located at 3507 Columbia Pike.)
The Virginian-Pilot, Monday, July 31, 2017
(RECAP: While federal inspectors were looking into weak accounting practices at the city’s Housing Authority last summer, the agency hired a convicted embezzler and gave her a credit card. Months later, it reported $8,000 in fraudulent charges to police. Authority supervisors have since fired that secretary and declined to prosecute the theft.)
Chesterfield Observer, Thursday, July 27, 2017
(RECAP: A recent urban planning study by Virginia Commonwealth University yielded a surprising piece of information: The area surrounding Chesterfield Towne Center has the largest imbalance between low-wage jobs and affordable housing in the entire region.)
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