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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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eNews and Press Releases

6/13/2016Governor McAuliffe Recognizes Virginia Homeownership Month
5/18/2016Clase de VHDA Para compradores de vivienda de primera vez en español.
5/18/2016VHDA Homeownership Education Class Offered in Spanish
4/18/2016Free VHDA Homeownership Classes Set For Hampton Roads in May
4/18/2016Free VHDA Homeownership Classes Set For Northern Virginia in May
4/18/2016Free VHDA Homeownership Classes Set For Central Virginia in May
1/15/2016Free VHDA Homeownership Classes Set For Northern Virginia in February
1/14/2016Free VHDA Homeownership Classes Set For Hampton Roads in February
1/13/2016Free VHDA Homeownership Classes Set For Central Virginia in February
12/28/2015Free VHDA Homeownership Classes Set For Hampton Roads In January

News Clips

NCB 12, Tuesday, September 27, 2016
(RECAP: Contractors are unveiling their plans for the abandoned depot near Carytown, including a mixed-use redevelopment on Robinson and Cary Streets. The Shopping Center Group released plans for the commercial portion of the mixed-use project dubbed Cary Street Station. Construction is now underway to transform the vacant historic bus and trolley depot into a hub for living and working. The two new commercial buildings will total 16,000 square feet of ground-floor space with a 1,000 square foot patio. That space is adjacent to the original bus barn and depot buildings, which will be converted into 285 luxury rental homes.)
National Mortgage News, Monday, September 26, 2016
(RECAP: Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon? Trended data or "time series data" that shows borrowers' debt loads over time rather than as a snapshot has been used outside the mortgage industry for at least the last three to five years. But the mortgage world is unique in how it uses credit reporting and scoring and tends to be slow to adopt the latest innovations. While there are no current requirements for lenders to deliver or use trended data for non-Fannie loans or mortgages that are manually underwritten, there are a number of reasons why the data will start to slowly make its way throughout the industry. For starters, two of the three credit bureaus recently began exclusively selling trended data credit reports. So even if lenders aren't required to collect the data, they do have access to it. Another factor that will determine how fast trended data spreads across mortgage finance is the extent to which it's included in the credit scores the industry uses.)
Mortgage News Daily, Monday, September 26, 2016
(RECAP: To understand the top-line story in the Urban Institute's (UI's) latest Chartbook released on Monday one has to go back to another UI paper published more than a year ago. In the article the UI's Housing Policy Center's director, Laurie Goodman, and fellow researchers claimed that the share of first-time homebuyers was in reality much higher than other research, notably that of the National Association of Realtors® (NAR) had asserted. the bottom line was that the UI study found first-time homebuyers in 2014 accounted for about 52 percent of home purchases while NAR put the share at around 32 percent. This explanation was necessary into to explain the number Goodman uses in her current Chartbook analysis which concluded it is the share of repeat homebuyers that is declining and that tight credit is responsible.)
Banker & Tradesman , Tuesday, September 27, 2016
(RECAP: The National Low Income Housing Coalition (NLIHC) said in a statement today it is pleased to have Sen. Ron Wyden (D-OR) prioritizing solutions to the affordable housing crisis. However, the group’s president, Diane Yentel called his proposed Middle Income Housing Tax Credit program “a misguided and wasteful use of federal resources” in a statement opposing the proposal. Wyden proposes to create a new federal tax incentive to encourage the development of housing affordable to households earning the area median income (AMI). Sixty percent of the units would be targeted to households earning median income, while the remaining forty percent of units would have no income targeting at all, according to the NLIHC. Yentel said in a statement, “Given the growing affordable housing crisis, bold action is needed to serve more families in need. New federal resources must be targeted to serve those with the clearest and greatest needs – families with extremely low incomes.”)
Daily Press, Tuesday, September 27, 2016
(RECAP: City officials want to launch a program to inspect rented houses and apartments in the Southeast Community to make sure they're safe for people. Based on complaints they've fielded and what they can see from the outside, city inspectors worry that some rented homes and apartments fail to meet state safety and property maintenance standards. But in many cases, inspectors simply can't get in to see, said codes compliance director Harold Roach. In a briefing to the City Council, he said a rental inspection program would be an important step to improve housing conditions and revitalize neighborhoods.)

 

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