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News Clips

WAVY-TV, Tuesday, October 17, 2017
(RECAP: Leaders in Virginia Beach are taking a new approach to combat homelessness in the city. Tuesday, council unanimously adopted the “Community Of One” plan as part of the consent agenda.)
Virginia Business, Monday, October 16, 2017
(RECAP: Marcus & Millichap reports the sale of a 250-unit apartment property in Newport News for $4.8 million. “Our client utilized 4 percent low income housing tax credits issued by the Virginia Housing Development Authority (VHDA) in financing the transaction,” Chadwick said in a statement.)
Richmond BizSense, Thursday, October 12, 2017
(RECAP: Genesis Properties cut the ribbon Friday on the first of several buildings it is rehabbing at the 1940s-era Bellevue Apartments, located along the east side of Chamberlayne Avenue between North and Westminster avenues. The project was one of several last year that applied for but didn’t receive tax-exempt bond financing through the Virginia Housing Development Authority.)
Housingwire, Tuesday, October 10, 2017
(RECAP: “Fannie Mae is aware of the Deloitte cybersecurity incident initially announced on Monday, September 25. At this time, we are not aware of any impact to Fannie Mae data or systems due to the incident. We are working with Deloitte to assess the situation and continue to monitor closely,” a Fannie Mae spokesperson stated.)
The Free Lance-Star, Sunday, October 08, 2017
(RECAP: On Saturday, Virginia Organizing sponsored a panel discussion on affordable housing. About 40 people attended the session, held in the meeting room of the Central Rappahannock Regional Library’s headquarters on Caroline Street. “I’m sure, anecdotally, that most of us know it’s really tough to make ends meet in this area,” said Sarah Walsh, vice president of community impact at Rappahannock United Way. “We see the struggle and the difficulty in finding affordable housing.”)
Richmond Times-Dispatch, Saturday, October 07, 2017
(RECAP: Nearly 300 affordable housing apartments in southern Chesterfield County will be revamped thanks to a collection of partners including a California-based company and the Colonial Heights Economic Development Authority. The Board of Supervisors endorsed the project in letters to the Virginia Department of Housing and Community Development and the Virginia Housing Development Authority.)
Housingwire, Friday, October 06, 2017
(RECAP: While outright homeownership increased among Baby Boomers after the last recession, they still lag previous generations, and may never catch up, according to the Fannie Mae Economic and Strategic Research Group’s latest Housing Insight Series. At one end of the spectrum, older generations such as Baby Boomers criticize Millennials for waiting longer than their generation to buy a home, however even Boomers are failing to keep up with the pace set by the generation before them.), Friday, October 06, 2017
(RECAP: The City of Alexandria has launched “Housing Heroes,” an initiative to recognize significant pro bono professional and corporate contributions that support the City’s housing affordability programs and the communities they serve. The inaugural class of Heroes includes Regina Pinkney, formerly with Union Mortgage and now with the Virginia Housing Development Authority.)
ARLnow, Thursday, October 05, 2017
(RECAP: Arlington County is considering a proposal to instate a “housing conservation district” (HCD) to preserve existing market-rate affordable housing. According to a presentation at The Alliance for Housing Solutions’ annual affordable housing forum last month, the concept for a preservation district has been built off of ongoing work for affordable housing in Arlington.)
The Virginian-Pilot, Saturday, September 30, 2017
(RECAP: On Sept. 1, the VHDA made several announcements that should delight any 20- or 30-something who is tired of renting. First, VHDA lowered the minimum credit score on its conventional loan program from 660 to 640. In addition, VHDA increased its maximum household limit to $83,200 for a home with two or fewer people and $97,000 for three or more people (dollar amounts for the Norfolk-Va Beach-Newport News area).)
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