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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

1/9/2014Virginia Leads the Southeast in Nationwide Ranking of Green Affordable Building
12/17/2013Letter from the Executive Director
12/17/2013Kit Hale Elected Chair of VHDA Board of Commissioners
12/17/2013Virginia Foreclosure Task Force Update
12/17/2013VHDA Applauds Homeless Reduction Grants Awarded by DHCD
12/17/2013VirginiaHousingSearch.com is Now an Enhanced Disaster Response Resource
12/17/2013VHDA Provides Financing for the First Residential Community of its Kind on the East Coast
12/17/2013VHDA Creates New Homeownership Compliance Department
12/17/2013VHDA Gets the Word Out About Tax Credits and Community Outreach
12/17/2013A Win-Win-Win Partnership

News Clips

USA Today, Tuesday, April 15, 2014
(RECAP: Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress. Yellen told a banking conference in Atlanta that current rules on how much capital banks must hold to protect against losses don't address all threats. She said the Fed's staff is considering what further measures might be needed. Banks and their advocates have warned that further tightening bank regulation would lead to reduced lending to businesses and financial institutions and could slow economic growth.)
HousingWire, Monday, April 14, 2014
(RECAP: The reality is that mortgage lending is a tough, miserable business with shrinking spreads and rising costs. Without the opportunity for outsized gains on sale into a vibrant securitization market, there are really few incentives for many lenders to stay in the game. Indeed, most large lenders are targeting significant net reductions in loan servicing portfolios over the next several years. The mortgage market is in a sustained decline in terms of retained portfolios, loan sales and new origination volumes from the unsustainable levels of 2001-2007. And no one entity can be held responsible.)
The New York Times , Monday, April 14, 2014
(RECAP: For rent and utilities to be considered affordable, they are supposed to take up no more than 30 percent of a household’s income. But that goal is increasingly unattainable for middle-income families as a tightening market pushes up rents ever faster, outrunning modest rises in pay. Nationally, half of all renters are now spending more than 30 percent of their income on housing, according to a comprehensive Harvard study, up from 38 percent of renters in 2000. In December, Housing Secretary Shaun Donovan declared “the worst rental affordability crisis that this country has ever known.”)
The Hill , Monday, April 14, 2014
(RECAP: Interested parties are gearing up the message machine as the Senate Banking Committee prepares to consider a comprehensive housing finance reform bill. A group of smaller financial institutions sent a letter airing concerns about what the Johnson-Crapo housing overhaul would mean for the littler guys. The joint letter from the Credit Union National Association, the National Association of Federal Credit Unions and the Independent Community Bankers of America comes as senators prepare to consider a bill many see as the best chance for a housing reform bill this Congress.)
RealEstateRama , Monday, April 14, 2014
(RECAP: The Arlington County Board today approved a $16.5 million Affordable Housing Investment Fund (AHIF) loan to help AHC Inc. purchase Serrano Apartments. Current rents for 239 of the 280 units are considered affordable. But as the Pike continues to redevelop, there’s no guarantee those market-rate units will remain affordable. As a condition of their loan, AHC has agreed that 196 of the units will become Committed Affordable Units, contractually obligated to remain affordable for 60 years. Fifty-six will be affordable at 60 percent of AMI and 140 will be affordable at 80 percent of AMI. Ten will become supportive housing units for Department of Human Services clients. The remaining 84 units will continue to be rented at market rates.)

 

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