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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

12/22/2016Free VHDA Homeownership Classes Set For Central Virginia
12/21/2016Free VHDA Homeownership Classes Set For Hampton Roads
12/8/2016Free VHDA Homeownership Classes Set For Northern Virginia
9/29/2016VHDA Wins Two National Housing Awards
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

News Clips

The MReport, Thursday, January 12, 2017
(RECAP: Reaction has been mixed in the days following the FHA’s announcement that it will lower mortgage insurance premiums by 25 basis points for new FHA-insured loans that close on or after January 27. The reduction of the mortgage insurance premium—the first by the FHA in two years—is intended to save existing homeowners money and make it cheaper for first-time buyers to secure a loan. FHA estimates it will save homeowners with FHA-backed loans approximately $500 per year. One group that stands to benefit from the reduction in FHA mortgage insurance premiums is housing finance agencies (HFAs), according to Moody’s Investor Service. The reduction will make it easier for borrowers to obtain FHA-insured loans and will result in an increase in HFA originations, according to the Weekly Credit Outlook from Moody’s for the week of January 12.)
The News & Advance, Thursday, January 12, 2017
(RECAP: The Haven, a local nonprofit serving adult men and women dealing with addiction since 1998, agreed this week to sell its property at 201 Federal St. — a 1.9-acre parcel that consumes an entire city block — to an LLC for more than double the assessed value of the property. Eight of The Haven’s board members voted in favor of selling the property at Monday’s board meeting, with two board members absent. The Haven will put the money from the $225,000 offer toward the purchase of a yet-to-be-identified property and launch a massive fundraising effort to generate enough money to build two long-term residential recovery facilities, one for men and another for women. The Haven has estimated in the past it will need $4 million to $6 million to develop each facility, both of which also will provide a small number of beds to the homeless.)
The Virginia Gazette, Thursday, January 12, 2017
(RECAP: Ben Carson on Thursday detailed his vision for the Department of Housing and Urban Development: one that integrates government assistance programs with "holistic" solutions and greater involvement of businesses and faith groups. Carson repeatedly suggested that the private sector should play a larger role in addressing poverty and systemic inequities, investing in "human capital" as a means of increasing quality of life and profits. "The programs that have been enacted in HUD over the years, you know, they're good programs," Carson said. "But in and of themselves they're not bringing about the elevation of large numbers of people. And that's what we're looking for. We don't want it to be a way of life, we want it to be a Band-Aid and a springboard to move forward.")
MarketWatch, Thursday, January 12, 2017
(RECAP: President-elect Donald Trump's fiscal policy plans are more a story for 2018-2019 than this year, said St. Louis Fed President James Bullard on Thursday. In an interview on CNBC, Bullard said growth in 2017 is pretty much "baked in the cake." He said he thinks the economy remains in a low interest-rate and slow growth environment that is not going to change by "snapping fingers." Bullard said he still thinks economic conditions will justify only one interest rate this year and the Fed has time to wait and see what develops.)
HousingWire, Wednesday, January 11, 2017
(RECAP: While many in the housing industry appear pleased by HUD’s decision to cut FHA mortgage insurance premiums later this month, the real question is whether the cuts, announced by a Democratic administration in its last days, will survive under the new Republican administration. The team of President-elect Donald Trump has not commented on the FHA mortgage insurance cut, but reaction from a top Republican on Capitol Hill sheds light on how the Obama administration’s decision is being received by Republicans. In a statement, House Financial Services Committee Chairman Jeb Hensarling, R-Texas, said late Monday that the cut to the annual mortgage insurance premium reduction puts the FHA in a precarious position.)

 

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