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News Clips

The Washington Post, Tuesday, November 28, 2017
(RECAP: Is it true that lenders have eased up on certain key requirements, making it simpler for first-time buyers and others who can’t pass all the strict tests to get approved? The good-news answer is yes. A recent survey of banks and mortgage companies by giant investor Fannie Mae found that a record number of lenders report that they have relaxed at least some requirements for mortgage clients.)
The Coalfield Progress, Tuesday, November 28, 2017
(RECAP: The Virginia Housing Development Authority recently partnered with a federal agency to pilot a new home loan program that helps low- to moderate-income individuals and families buy manufactured homes in rural areas.)
arlingtonva.us Newsroom , Monday, November 27, 2017
(RECAP: The Arlington County Board today approved a $6 million loan from the County’s Affordable Housing Investment Fund to help Standard Property Company, Inc. and the National Foundation for Affordable Housing Solutions buy the 294-unit Park Shirlington Apartments. Park Shirlington is an affordable apartment garden apartment complex in Fairlington.The developers plan to rehabilitate and preserve all 294 units as affordable.)
Richmond Times-Dispatch, Sunday, November 26, 2017
(RECAP: Using the VCU Wilder School’s unique MetroView data system, we recently documented the geographic location of low-cost housing and the modest-wage jobs in the Richmond metropolitan area. (Access this study, Understanding the Jobs-Affordable Housing Balance in the Richmond Region, at cura.vcu.edu).
The Daily Progress, Sunday, November 26, 2017
(RECAP: The Charlottesville City Council has delayed the creation of a public-private, nonprofit land bank corporation, but has agreed to allocate $75,000 to a new city Landlord Risk Reduction Fund. After the council adopted a resolution outlining a variety of potential housing-related programs and initiatives in June, city officials and local community members have worked methodically in recent months to flesh out those ideas, which are meant to help with the development of more affordable housing in the city.)
Central Virginia Homes, Saturday, November 25, 2017
(RECAP: Holly Wood is one of the first people to secure one of Habitat’s new units in the development straddling the Charlottesville-Albemarle County line.)
The News & Advance, Friday, November 24, 2017
(RECAP: Developers are hoping to turn “Old Yellow” into options ranging from a boutique hotel to apartments, according to proposals for new uses for the Bedford Middle School buildings submitted to the Town of Bedford. The Landmark Group, a Winston-Salem-based company, has submitted a proposal to develop affordable housing. The company would pursue a workforce housing tax credit through the Virginia Housing Development Authority as well as state and federal historic tax credits.)
The Washington Post, Friday, November 24, 2017
(RECAP: Arlington County is the latest local government to take action. On Nov. 18, the County Board voted to allow developers of some new projects along the Ballston-Rosslyn and U.S. 1 corridors to cut the parking they provide by as much as 50 percent, so long as they offer bicycle parking, on-site car sharing and unlimited Metrorail or Metrobus passes for residents.)
DSnews, Thursday, November 23, 2017
(RECAP: When it comes to moving REOs back into the marketplace, FHA's Claims Without Conveyance of Title (CWCOT) program is crucial. CWCOT provides mortgagees with procedures for bidding and payment claims under the Single Family FHA Mortgage Insurance Program. However, delving into the complexities of the program can be daunting, which is why we turned to two experts in the space, Altisource's SVP of Real Estate Services Min Alexander and Director of Real Estate Auction Services James Harp.)
Falls Church News-Press, Tuesday, November 21, 2017
(RECAP: The City of Falls Church has only begun to scratch the surface of its economic development potential, Ed Saltzburg, the City’s long-standing Economic Development Authority leader said here Sunday, but future growth will depend on some more significant population growth. “Affordable housing is an economic driver,” he said. But the City’s stock of what is identified as affordable housing is shrinking, and depends on owners of entities such as Merrill House not renovating their product.)
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