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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

8/13/2014Clase de VHDA para la Educación al Comprador de Casa en Español
6/11/2014Letter from Executive Director
6/11/2014Board of Commissioners Update
6/11/2014New Secretary of Commerce and Trade
6/11/2014Tax Credits Fund New Life for Old Hotel
6/11/2014HUD Guidelines Have Changed
6/11/2014Reaching Out to Hispanic Homebuyers
6/11/2014NOVA Housing Expo
6/11/2014Annual Charity Golf Tournament
6/11/2014Associate Updates

News Clips

Daily Press, Friday, September 12, 2014
(RECAP: The Norfolk Redevelopment and Housing Authority Board of Commissioners elected Barbara Hamm Lee, a local radio show host, as chairwoman. Lee was appointed to the board in 2010 and has served as vice-chair. She is the first woman to chair the board in its 74-year history, according to an agency news release.)
CNBC 25, Wednesday, September 17, 2014
(RECAP: The Federal Reserve remained on its easy-money course Wednesday, allaying market fears that it might start raising interest rates sooner than expected. In a statement released following its two-day meeting, the U.S. central bank left largely intact key provisions, despite expectations in some quarters that it would indicate a tightening bias. It also cut its bond-buying program down to $15 billion a month and indicated quantitative easing will end in October.)
HousingWire, Tuesday, September 16, 2014
(RECAP: The new Housing And Urban Development Secretary sees HUD as a department of opportunity, not just a department of housing. The keynote afternoon speaker at the Bipartisan Policy Center’s Housing Summit in Washington, D.C., Julián Castro, said he is focused on advancing policies at the nearly 50-year-old HUD that create opportunity across the country, creating a solid foundation for the next 50 years.)
The Wall Street Journal , Tuesday, September 16, 2014
(RECAP: Citigroup Inc. and Bank of America Corp. will provide mortgages at discounted interest rates as part of their efforts to help borrowers with low incomes or subprime-credit histories. Citigroup, the seventh-largest mortgage lender by volume in the U.S., has agreed to fund 15-year fixed-rate mortgages with below-market interest rates for these borrowers. The move comes after Bank of America, the third-largest mortgage lender, signed on earlier this month. The loans are being originated and distributed by the Neighborhood Assistance Corp. of America, a national nonprofit based in Boston that works primarily with low- to moderate-income borrowers, including those who have subprime credit.)
Reuters, Tuesday, September 16, 2014
(RECAP: The state of Virginia said on Tuesday that it sued units of Citigroup Inc, Deutsche Bank AG and 11 other banks, accusing them of defrauding the state's retirement fund by selling it shoddy mortgage bonds in the run-up to the recent financial crisis. The lawsuit seeks $1.15 billion in damages from the banks, who allegedly misled the Virginia Retirement System about the quality of loans in investments purchased between 2004 and 2010. The other banks named in the lawsuit include units of Bank of America Corp, Credit Suisse AG, Goldman Sachs Group Inc, HSBC Holdings plc, Morgan Stanley, and JPMorgan Chase & Co.)

 

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