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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

8/13/2014Clase de VHDA para la Educación al Comprador de Casa en Español
6/11/2014Letter from Executive Director
6/11/2014Board of Commissioners Update
6/11/2014New Secretary of Commerce and Trade
6/11/2014Tax Credits Fund New Life for Old Hotel
6/11/2014HUD Guidelines Have Changed
6/11/2014Reaching Out to Hispanic Homebuyers
6/11/2014NOVA Housing Expo
6/11/2014Annual Charity Golf Tournament
6/11/2014Associate Updates

News Clips

The Wall Street Journal , Wednesday, October 22, 2014
(RECAP: Recent steps by federal regulators make it clear: low down-payment loans, a feature of the housing market’s boom, are coming back. On Monday, FHFA Director Mel Watt announced that mortgage-finance companies Fannie Mae and Freddie Mac would start backing loans with down payments as low as 3%. And on Tuesday, three federal agencies approved a loosened set of mortgage-lending rules, removing a requirement for a 20% down payment for a class of high-quality loan known as a “qualified residential mortgage.”)
The New York Times , Wednesday, October 22, 2014
(RECAP: Since 2008, the year Lehman Brothers collapsed and home prices dropped precipitously, there has been a steady increase in the number of people ages 18 to 34 renting instead of buying homes. About 875,000 more households are now made up of young adult renters than would have existed if the 2008-era trend had held steady, according to an analysis of census data by Jed Kolko, chief economist at Trulia, a real estate marketing website. Developers and builders are responding to a rising demand not just from young adults but also from the larger population of Americans who do not have the means or the desire to buy a house.)
Federal Housing Finance Agency , Wednesday, October 22, 2014
(RECAP: Six federal agencies approved a final rule requiring sponsors of securitization transactions to retain risk in those transactions. The final rule implements the risk retention requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The rule also sets forth prohibitions on transferring or hedging the credit risk that the sponsor is required to retain. As required by the Dodd-Frank Act, the final rule defines a “qualified residential mortgage” (QRM) and exempts securitizations of QRMs from the risk retention requirement. The final rule aligns the QRM definition with that of a qualified mortgage as defined by the Consumer Financial Protection Bureau.)
The Roanoke Times , Tuesday, October 21, 2014
(RECAP: The owners of a mobile home park are again floating a redevelopment plan — but unlike last year, the emphasis is on maintaining less-expensive housing on the site. “We can’t kick people out and say we’re building affordable housing,” William Park, president of Charlottesville-based Pinnacle Construction & Development, told Blacksburg Town Council members at a work session. Park will submit a formal proposal and rezoning request to the town within the next two weeks. This will put the developer on track to have a town council vote on the rezoning before a March deadline to apply for state-administered tax credits.)
The New York Times , Tuesday, October 21, 2014
(RECAP: Soon after the housing bust, federal regulators working on repairing the mortgage market thought it was sound policy to have borrowers make sizable down payments on their new homes. On Tuesday, the regulators completed that overhaul, but they left out any requirement for borrowers to make a down payment. The new regulations aim to strengthen the vast market for bonds that are backed with mortgages and other loans. The market is not back on its feet, despite low interest rates. But the regulators said that the new rules could set the stage for more lending.)

 

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