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News Clips

Virginia Business, Tuesday, October 09, 2018
(RECAP: Alexandria has announced a program to encourage first-time home buyers to settle in the city. The effort is called the Community Homeownership Revitalization Program. The new funding program does not require repayment. Alexandria was awarded $4 million through a competitive solicitation administered by the Virginia Housing Development Authority.)
BUILDER, Friday, October 05, 2018
(RECAP: Habitat for Humanity is planning on using recent changes in the tax law to redevelop a 120-acre, 341-unit mobile home park in Charlottesville, Virginia, into a city within a city, complete with single-family homes, townhouses and retail. The nonprofit bought the land in 2007 and has already spent $20 million at the park to stabilize the infrastructure. The residents own the homes but not the land and have a voice in the renovation plans. To help finance the project, Habitat is exploring tax credits attached to Opportunity Zones.)
Richmond BizSense, Thursday, October 04, 2018
(RECAP: Richmond-based Better Housing Coalition is launching the final phase of its 14-acre Market Square community near Jefferson Davis Highway and Alcott Road with the construction of a $9 million, 60-unit apartment building for people over 55. About $5.5 million of the project is being financed through low-income tax credit equity, while $2.8 million is coming from financing through the Virginia Housing Development Authority. The remaining balance for the project is from equity raised by the BHC.)
NBC29.com, Tuesday, October 02, 2018
(RECAP: Governor Ralph Northam today announced $4.5 million in Vibrant Community Initiative (VCI) funding for housing and community development projects in Albemarle and Middlesex counties. VCI combines multiple Virginia Department of Housing and Community Development (DHCD) funding sources to support local or regional comprehensive community-based projects, including affordable housing, community development and economic development components. The Virginia Housing Development Authority (VHDA) has partnered with DHCD to provide critical technical assistance and financial support.)
Daily Press, Monday, October 01, 2018
(RECAP: Developers for Monroe Gates Apartments will be receiving special financing from the Virginia Housing Development Authority (VHDA) to construct a multifamily property at the intersection of South Mallory and Mellen streets.)
MULTI-HOUSING NEWS, Thursday, September 27, 2018
(RECAP: Operating as an affiliate of Enterprise, Community Preservation and Development Corp. has broke ground on the $30 million Jackson Ward, Va., development, which will comprise 154 energy-efficient homes as well as 6,000 square feet of retail space.)
Business Insider, Wednesday, September 26, 2018
(RECAP: What happens when a homeless shelter becomes homeless? If you're the Carpenter's Shelter in Alexandria, Virginia, you move into an old Macy's store in the closed Landmark Mall.)
Fannie Mae, Wednesday, September 26, 2018
(RECAP: Fannie Mae announced today a new Call for Ideas on Healthy Affordable Housing. The application period is open from September 26, 2018 through November 1, 2018. This Call for Ideas is part of The Innovation Challenge, a key component of Fannie Mae's Sustainable Communities Initiative challenging public, private, and nonprofit sector organizations to reimagine affordable housing as the prescription for a healthy life.)
Associated Press, Tuesday, September 25, 2018
(RECAP: A coalition formed to reduce high eviction rates in Virginia is recommending a series of steps aimed at encouraging developers to build more affordable housing and helping tenants stay in their homes. On Tuesday, the Campaign to Reduce Evictions released a list of draft recommendations, including creating a state low-income housing tax credit for developers of affordable housing and creating a state-funded rental assistance program.)
WTVR-TV6, Tuesday, September 25, 2018
(RECAP: Ground was broken Tuesday morning for phase two of a $30 million project to bring affordable housing to Richmond's Jackson Ward neighborhood. The plan calls for undeveloped land located along N. 1st Street to be transformed into two buildings with 152 units. The Community Preservation and Development Corporation has partnered with Richmond to develop this affordable housing aimed at giving seniors a place to call home.)
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