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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

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
12/28/2015Free VHDA Homeownership Classes Set For Richmond Area In January
12/18/2015Free VHDA Homeownership Classes Set For Northern Virginia In January
12/17/2015Holiday Greetings & News from VHDA - Dec. 2015 eNews

News Clips

Multi-Housing News , Monday, May 02, 2016
(RECAP: The major apartment owner and operator acquired a five-community apartment portfolio in the Richmond area, with plans to keep the units affordable. However, the company will make some exterior and interior upgrades that will bring the total acquisition cost closer to $72 million. “Our hope with this acquisition is to help the State of Virginia preserve affordable housing for its police officers, firefighters, teachers, nurses and all other members of the middle class,” said Rick Band, a senior vice president of CAPREIT. “The apartment industry in Virginia, like many in the nation, is booming, resulting in the renovation of many apartment communities into Class A assets. But middle-class families, who can’t afford luxury rents, still need a reputable home that won’t price them out of the city. These communities do just that, and we intend to keep it that way.”), Monday, May 02, 2016
(RECAP: Today, HUD Secretary Julián Castro awarded $355 million to more than 1,200 local homeless housing and service programs across the U.S. and Puerto Rico, including 33 grants for programs in Virginia. These Continuum of Care (CoC) grants support the Obama Administration's efforts to end homelessness and build upon the $1.6 billion in funding HUD awarded through a first round of funding in March. The competition to award FY 2015 CoC grants was the most competitive ever, both locally and nationally. This is consistent with HUD's policy goals as well as Congressional direction to stringently review performance, increase competition for CoCs, and not simply fund renewals in the FY 2015 CoC competition.)
CNBC , Monday, May 02, 2016
(RECAP: It is the No. 1 barrier to entry for young, would-be homebuyers: credit. Millennials are the first generation to come of age in a post-almost-apocalyptic housing market, where lenders, eight years later, are still paying billions in reparations for mortgage misconduct and outright fraud. Millennial homebuyers are also paying a price. "The mortgage industry is poised to experience a monumental shift as more millennial homebuyers begin to enter the market," said Joe Tyrrell, executive vice president of corporate strategy at Ellie Mae. "There are roughly 87 million would-be homebuyers in the millennial generation and 91 percent of them say they intend to own a home one day." Millennials are even starting to move to the suburbs, and in fact, last year marked a turning point, where urban centers reached "peak millennial," according to a new study from Dowell Myers, a professor of urban planning and demography at the USC Price School of Public Policy.)
Forbes, Friday, April 29, 2016
(RECAP: Big changes are coming to the U.S. mortgage market. On June 25, Fannie Mae will be introducing new underwriting policies that will impact how millions of Americans qualify for a mortgage. The most meaningful change is the introduction of “trended credit data” that will punish revolvers and reward transactors. Fannie Mae will integrate the use of trended data into its Desktop Underwriting process. The new data will not be used for FHA or VA loans. For the first round of implementation, underwriters will only look at the last 24 months on revolving credit card accounts. Although data on other types of accounts might be used in the future, only credit cards will be included now.)
Mortgage News Daily , Friday, April 29, 2016
(RECAP: The Consumer Financial Protection Agency (CFPB) just opened the door to possible changes and refinements in its Know Before You Owe rule. The agency, in a letter addressed trade groups representing principal mortgage origination stakeholders such as the American Bankers Association, Mortgage Bankers Association and credit union trade groups and their members said it has begun drafting a Notice of Proposed Rulemaking on the rule, and hope to open it for comment in late July. CFPB acknowledged the implementation of the rule, which contains the Truth-in-Lending Disclosures (TRID) requirement has posed many operational challenges, particularly because of the "diversity of participants, from small to large financial institutions, mortgage brokers, real estate brokers, and title companies, through warehouse lenders, investors, due diligence firms and rating agencies, whose perspectives may vary as to what compliance under the rule requires.")


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