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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

Bloomberg, Thursday, November 20, 2014
(RECAP: As part of a broader U.S. effort to persuade banks to make more home loans, Fannie Mae and Freddie Mac have released rules clarifying the types of practices that would trigger penalties for lenders. The changes announced today by the government-owned finance firms specify when lenders would be asked to buy back flawed loans that were issued based on inaccurate data or misrepresentations of borrowers’ qualifications. They were written after the companies and their regulator reached an agreement with banks on the details.)
Richmond Times-Dispatch , Thursday, November 20, 2014
(RECAP: Construction of 600 apartments on the site of the former Cloverleaf Mall in Chesterfield County is set to begin today, more than a year after the project was formally announced. The apartments, being built by Boyd Homes, will be in the Stonebridge development on Midlothian Turnpike just west of the Chippenham Parkway. Element at Stonebridge will consist of studio units and one- and two- bedroom apartments in four buildings with interior balconies facing a courtyard. The first residents are expected to move in late next year.)
The Virginia Gazette , Wednesday, November 19, 2014
(RECAP: Overriding a recommendation by the city's planning staff, the Williamsburg Planning Commission endorsed a proposal from City Councilman Doug Pons to turn 60 rooms of his 128-room motel into apartments after several emotional speeches by supporters of the project. The most impassioned came from Billy Scruggs, a former city councilman and fellow hotelier. "I see this as a win/win for Doug and the city," he said. "I see this as workforce housing and that's an important need in the city. I know for some people this is about keeping 'those people' away. 'Those people' cook the meals in our restaurants and they make the beds in our hotels. They are the backbone of our tourist economy and they are part of our community.”)
NCSHA, Thursday, November 20, 2014
(RECAP: The FHFA will determine whether Fannie Mae and/or Freddie Mac should begin making contributions to the Housing Trust Fund by the end of the calendar year, FHFA Director Mel Watt told the Senate Banking Committee on Wednesday. Watt addressed the Committee during its hearing on “The Federal Housing Finance Agency: Balancing Stability, Growth, and Affordability in the Mortgage Market.”
 
At the hearing, Senator Jack Reed (D-RI) urged Watt to require Fannie Mae and Freddie Mac to begin making contributions to the Trust Fund. Previous Acting-FHFA Director Ed DeMarco suspended the payments -- before the first ones had been made -- after FHFA took both firms into conservatorship.)
The Washington Post , Wednesday, November 19, 2014
(RECAP: One of the mortgage industry’s most influential regulators told a Senate panel Wednesday that a controversial form of debt relief for borrowers who have no equity left in their homes is “not off the table.” Mel Watt, the director of the FHFA, said he has been trying to figure out whether there is a way to responsibly help struggling underwater borrowers by reducing the size of their loans, a type of relief known as “principal reduction.” But he said the issue is a tough one, “perhaps the most” difficult he has faced since becoming the overseer of the mortgage giants Fannie Mae and Freddie Mac in January.)

 

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