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 2009-30 (January 28, 2010)
Developer Backs off Armstrong School Project
The News & Advance, January 26
(RECAP: A North Carolina-based developer said Monday he is dropping plans to redevelop the defunct Armstrong School in light of community opposition.)Virginia Housing Agency Readies $107M Under NIBP
The Bond Buyer, January 25
(RECAP: The Virginia Housing Development Authority this week expects to sell $107.3 million of homeownership mortgage bonds as part of its second act under the Treasury Department's New Issue Bond Program.)Building Work has Stopped on Hampton Housing Project Near the Coliseum
Daily Press, January 25
(RECAP: Construction work has stopped on a large subdivision of condos and town homes next to Hampton Coliseum at a time of concern over the financial situation of the developers.)Loss-Laden Fannie Mae and Freddie Mac Face Extinction
Real Estate Channel, January 25
(RECAP: If Rep. Barney Frank has anything to do with it, Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) will be history by 2012. Both agencies are near financial death.)New Vision for Ettrick Takes Shape
The Richmond Times-Dispatch, January 25
(RECAP: Along with residents and the help of Virginia State University , Jacobson's office is working to revitalize Ettrick, starting with aesthetic and pedestrian streetscape improvements to the main thoroughfare, Chesterfield Avenue .)Beach Initiative at Oceana Yields New Homes, Less Density Near Base
The Virginian-Pilot, January 25
(RECAP: The city began buying property around Oceana Naval Air Station in 2006 to roll back residential growth near the master jet base. In the past year, it has resold 22 of those lots to individuals and developers who have sometimes built houses even larger than those in the neighborhoods.)Norris Sees Opportunity to Establish Housing Fund
Charlottesville Daily Progress, January 24
(RECAP: The third time could be the charm for Mayor Dave Norris' desire to establish a dedicated affordable housing fund in Charlottesville 's budget, ensuring that such programs would always be financed.)Plan to Develop Old Armstrong School Property Criticized
The News & Advance, January 24
(RECAP: A proposal to transform the old Armstrong School property off Rivermont Avenue into a 60-unit apartment complex has drawn opposition from both Lynchburg planning commissioners and neighboring homeowners.)Realtors Start Group Focused on Chinese-American Home Professionals
Sun Gazette, January 24
(RECAP: The Northern Virginia Association of Realtors has announced creation of a new Chinese Realtor Forum, to provide real estate professionals of Chinese descent and their clients with information and support.)Unique Proposal Would Give Former Smith School New Life
DELMARVA Media Group, January 23
(RECAP: Mary N. Smith School , the historic building attended by the county's African-American students before integration, could be reborn as a community-owned residential and recreational facility with the help of the man who developed Accomack Manor, an affordable apartment complex near Parksley.)Federal Money for Hippodrome Overhaul Would Require Housing
Richmond Times Dispatch, January 23
(RECAP: The city of Richmond has tightened a proposal to use $600,000 in public funds to revitalize two landmarks in Jackson Ward. Mayor Jones is offering $281,000 in an economic-development grant from the city, plus $319,000 from its share of federal HOME funds, which are used to create housing for low-income residents to help a developer convert the Hippodrome Theater and adjoining Taylor Mansion into a live-music and entertainment venue, with a restaurant, retail space and 31 apartments.)Real Estate Values Drop in Henrico County , Richmond
The Richmond Times-Dispatch, January 23
(RECAP: The assessed value of real estate in Henrico County has declined by 8 percent, representing a loss of $2.8 billion in the past year. The drop is worse than Henrico officials had expected last fall, when they forecast an overall decline in assessed values of 6.5 percent.)New Guidance Published on Banks' Responsibilities under the Protecting Tenants at Foreclosure Act
from NLIHC Memo to Members, January 22
(RECAP: The Office of the Comptroller of the Currency issued guidance on examination procedures that are to be used to determine a national bank's compliance with the Protecting Tenants at Foreclosure Act on January 8.)Study: Regulations, Lack of Education Limit Manufactured Housing's Role in Providing Metropolitan Low Income Housing
from NLIHC's Memo to Members, January 22, 2010
(RECAP: A recent study prepared by the Center for Housing Research at Virginia Tech and published in the Journal of the American Planning Association concludes that while market factors such as land costs help determine to the number of manufactured homes in any given metropolitan area, regulatory restrictions and lack of education among officials also impede the placement of manufactured homes in urban areas.)Chesterfield Property Values Drop 4 Percent
The Richmond Times-Dispatch, January 22
(RECAP: Property values in Chesterfield County are down nearly 4 percent from last year, meaning county leaders would need to approve a 5-cent tax-rate increase to hold real estate revenue steady for the next fiscal year.)Community Foundation Awards Grants in Homelessness-Prevention Drive
Sun Gazette, January 22
(RECAP: The Arlington Community Foundation has awarded eight grants, totaling $70,000, as part of an initiative to support homeless-prevention efforts in the county.)Finding Shelter
Alexandria Gazette Packet, January 21
(RECAP: Here in Alexandria , the Carpenter's Shelter has seen a dramatically rising number of homeless families.)Plan May Link Aging Boomers with Affordable Housing
Charlottesville Daily Progress, January 21
(RECAP: A community center for seniors near downtown Charlottesville might eventually turn into a piece of an affordable housing development catering mostly to elderly residents.)Hampton Roads Foreclosures have Risen at Staggering Rate Since 2008
WTKR.com, January 21
(RECAP: The number of Peninsula-area properties facing foreclosure mushroomed from 86 in 2006 to 2,735 in 2009, according to figures provided by RealtyTrac, which monitors foreclosure activity.)Many Numbers Point to Needs
Fairfax Connection, January 20
(RECAP: While on a percentage basis, Northern Virginia is better off than most of the rest of Virginia, in raw numbers, we have more people here who are unemployed, more people here who lack health insurance, more people who spend parts of most months without enough food on the table, more people who are homeless.)News Clips Archives
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