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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

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
12/28/2015Free VHDA Homeownership Classes Set For Richmond Area In January

News Clips

Realtor.com, Monday, May 23, 2016
(RECAP: Graduates of four-year colleges who took out student loans are estimated to spend more than a decade saving up for a 20% down payment on their very own home, according to a recent report. That’s nearly double the 5.3 years it is expected to take those lucky grads who didn’t have to take out loans to fund their education, according to an Apartment List report. The report factors in the financial assistance buyers will receive from friends and family to pay for a $200,000 home. But it did not take into account the various no- or low-down-payment options available for U.S. military personnel (current and retired) and first-time and other eligible buyers. (First-time buyers often score 3.5% down mortgages through the FHA.)
Charlottesville Tomorrow, Sunday, May 22, 2016
(RECAP: Several members of the Crozet community expressed concerns at a recent meeting of the Crozet Community Advisory Council about a proposed downtown apartment complex off Blue Ridge Avenue. The initial site development plan for The Vue calls for the construction of nine two-story buildings with 14 apartments in each building — a total of 126 units. Other aspects of the plan include a one-story clubhouse and a pool with a concrete deck. One member of the Albemarle County Planning Commission said that while Crozet needs more apartments, she feels the proposed development would not fit with the surrounding neighborhood.)
National Mortgage News , Thursday, May 19, 2016
(RECAP: Fannie Mae is expecting a flat to declining interest rate environment for the next two years, while Freddie Mae believes rates will rise. The projection from Fannie Mae Chief Economist Doug Duncan at the Mortgage Bankers Association's National Secondary Market conference in New York on Tuesday called for the 30-year mortgage rate to decline 15 basis points in 2016 to 3.7%. His counterpart at Freddie Mac, Sean Becketti, forecast a 23-basis-point increase to 4.08%, while Mike Fratantoni of the MBA predicted a 10-basis-point rise to 3.95%. Next year, Duncan saw the 30-year hitting 3.83%, with Fratantoni predicting 4.55% and Becketti forecasting 4.8%. Duncan is expecting economic growth of between 1.7% and 2% for this year. And it is a result of the continued slow growth that he feels mortgage interest rates should decline this year and increase slightly next year.)
HousingWire , Sunday, May 22, 2016
(RECAP: Our nation is aging and millions of older adults will struggle to find housing that is both affordable and physically suitable. As co-chairs of the Bipartisan Policy Center’s Senior Health and Housing Task Force, we (Henry Cisneros and Mel Martinez) are releasing a report Monday with a set of recommendations that Congress, the administration and states could implement that would enhance the lives of America’s seniors. The acute shortage of affordable homes forces low-income households of all ages to spend excessive amounts of income just to pay the rent. However, it is particularly tragic when an older adult, often living alone, must forego essentials like nutritious food and medications to pay for housing.)
NCSHA, Friday, May 20, 2016
(RECAP: On May 19, Senator Cantwell (D-WA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) introduced S. 2962, the Affordable Housing Credit Improvement Act of 2016, which would enact several of NCSHA’s Housing Credit-related legislative priorities. The bill would address the severe shortage of affordable rental housing by increasing Housing Credit authority by 50 percent over five years beginning in 2017 and providing states additional flexibility in their program administration. The legislation also increases the small state minimum by 50 percent, also over five years. In addition to the cap increase, the legislation would set a minimum 4 percent Housing Credit rate for both acquisition Credits and for Housing Bond-financed Credit properties, allowing states to provide more Credit equity to these developments if necessary to achieve their financial feasibility.)

 

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