The Virginia Housing Coalition and the VHC Information Service would like to extend a special thank you to the VHDA for sharing their news clipping service.
To view headlines and summaries of recent news articles related to housing, with links to the full article, simply click on the appropriate link below.
VHC News Clips, volume 2009-18 (November 5, 2009)
Construction to Start on Townhomes
The Roanoke Times, November 2
(RECAP: Construction is expected to start in January for 70 townhomes on Peppers Ferry Road in Montgomery County that will be partially funded by stimulus funds. the $13 million development will be partially funded with $5 million of Recovery Act Funds, $5 million of investor equity and the balance through a VHDA long-term loan.)$1 Million Set Aside for Pulaski First Time Home Buyers Program
WSLS.com, November 2
(RECAP: VHDA recently notified the Town of Pulaski that it has been selected to receive a set-aside (reservation of funds) for the SPARC program (Sponsoring Partnerships and Revitalizing Communities). These funds will be available until June 30, 2010.)Housing Outlook: If You Can, This is the Time to Buy
Daily Press, November 1
(RECAP: The residential real estate outlook is a matter of perspective. Falling prices and high inventory make it a great time to buy, but harder to sell.)A Look Behind the Lack of Affordable Family Housing
The Washington Post, October 31
(RECAP: Families are being priced out of the Washington area housing market. Or at least they're being driven to the far edges of the metro area and forced into long commutes to and from employment hubs.)House Swapping: A Rising Trend in the Real Estate Industry
Northern Virginia Real Estate Guide, October 30
(RECAP: Now is the best time to acquire homes as the house prices are still practically less. However, the prevailing financial and credit crunch is limiting the cash reserves and liquidity. Homebuyers are raving about a revolutionary and innovative concept in home selling and buying. To ease the troubles, why not resort to house swapping?)National Housing Program Slowly Hitting Region
The Virginian-Pilot, October 30
(RECAP: More than a year after its birth, a national program to help neighborhoods hit hard by foreclosures is slowly starting to reach local streets.)Home Refinancing May Never Look So Good Again
Bloomberg.com, October 29
(RECAP: If you need to refinance your home mortgage, don't wait. Lock in the best deal now. Mortgage rates have climbed over the last two weeks, according to mortgage buyer Freddie Mac of McLean , Virginia .)Washington Area is Short 40,000 Homes Affordable to Average Earners
The Washington Post, October 29
(RECAP: Families are being priced out of the Washington-area housing market. Or at least they're being driven to the far edges of the region and forced into long commutes to and from the area's employment hubs.)The Home-Buyer Tax Credit: Throwing Good Money after Bad
The Washington Post, October 27
(RECAP: Congress and the administration seem likely to extend the first-time-home-buyer tax credit. Senate Majority Leader Harry M. Reid wants to extend it through December 2010 but phase out the amount over time; Republican Senator Johnny Isakson, a former real estate agent, wants to extend it through June but double the income limit and make it available to all home buyers. This is a bad idea. )People are Lining up to Move into Abingdon's New Subdivision
TriCities.com, October 23
(RECAP: People Incorporated, which built the Abdingdon complex with help from a host of federal programs, officially cut the ribbon on the project Thursday. Families already fill all 20 of the duplex-style units, with rent assessed based on the ability to pay.)News Clips Archives
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