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 2009-36 (March 11, 2010)
Savings Plan Targets First-Time Home Buyers
The Daily Advance, March 7
(RECAP: Through a recent grant from the N.C. Department of Labor, River City Community Development Corporation (RCCDC) is assisting low-income residents who qualify for the Individual Development Account program to match their savings in a bank account for use as a down payment on a home.)Mortgage Loan Modifications are Hard to Get
Richmond Times-Dispatch, March 7
(RECAP: Donna McCartney made phone calls and wrote letters about her family's deteriorating financial predicament and their inability to make their mortgage payments. Her persistence paid off. A loan modification has come through -- after a certified mortgage counselor associated with the Virginia Foreclosure Prevention Task Force recently intervened on their behalf.)Young Teachers Struggle to Buy Homes Near Schools
Washington Examiner, March 7
(RECAP: Teachers in the D.C. area are unlikely to see a raise next fall for the second year in a row, raising concerns about their ability to live in pricey school districts.)Fairfax 's Affordable Housing Plan Might Not Change Tysons
The Washington Post, March 7
(RECAP: Priced out of living in Tysons Corner, many among the 100,000-member workforce have been known to commute from as far as Fredericksburg and Oxon Hill, and even from points in West Virginia .)City's Cost Rises for Homeless Housing
Charlottesville Daily Progress, March 6
(RECAP: More and more money is being drained from Charlottesville's budget to fund the city's first transitional housing building for the homeless, making the project more reliant on local dollars than some expected.)Bank Foreclosures Pushing Down Suburbs, UVA Professor Says
BankForeclosuresSale.com, March 5
(RECAP: Bank foreclosures have been occurring at higher rates in the suburbs as compared to cities, according to William Lucy, a professor of planning at the University of Virginia .)Capacity Building Bill Introduced
NLIHC's Memo to Members, March 5
(RECAP: Representative Maxine Waters (D-CA) introduced H.R. 4737, to reauthorize assistance for capacity building for community development and affordable housing under Section 4 of the HUD Demonstration Act of 1993.)DOE Names HUD Properties Automatically Eligible for Weatherization Funds
NLIHC's Memo to Members, March 5
(RECAP: A Memorandum of Understanding between HUD Secretary Shaun Donovan and Department of Energy Secretary Steven Chu last spring bore fruit on March 4, when the DOE implemented a new rule for its Weatherization Assistance Program that should provide subsidized housing projects an advantage in applying for funding.)Extension of 9% LIHTC Exchange Still Under Consideration
NLIHC's Memo to Members, March 5
(RECAP: As the Senate takes up legislation that would extend various tax-related programs, Senators Max Baucus (D-MT) and Charles Grassley (R-IA) have included in their Senate proposal a one-year extension of the 9% tax credit exchange program designed to reinvigorate the Low Income Housing Tax Credit program.)House Offices Rally Colleagues for Housing Funding
NLIHC's Memo to Members, March 5
(RECAP: As Congress begins the process of considering funding for FY11, a number of “Dear Colleague” letters are circulating the House in support of funding for key HUD programs.)Mortgage Rates on 30-Year U.S. Loans Fall to 4.97%
Bloomberg, March 4
(RECAP: According to statement released by Freddie Mac, the rate for 30-year fixed U.S. home loans fell to 4.97 percent from 5.05 percent.)Audit Recommends Rental-Housing Inspections in Richmond
Richmond Times-Dispatch, March 4
(RECAP: The city of Richmond should start an inspection program for rental housing to confront the issues of neglect that often come from absentee owners, according to a report on the city's property-code enforcement efforts.)How to Create Green Rental Homes
Climateprogress.org, March 3
(RECAP: Retrofitting and weatherizing foreclosed homes before renting them out, provides even more value to taxpayers by reducing operating costs in the form of lower energy bills.)FHFA Extends High LTV Refinance Program into 2011
Mortgage News Daily, March 1
(RECAP: The Federal Home Financing Agency announced Monday that its Home Affordable Refinance Program (HARP), which was originally set to expire on June 30, 2010, will be extended to June 30, 2011.)Fannie Mae Reports $15.2B Loss In Q4
MortgageOrb.com, March 1
(RECAP: The Federal Housing Finance Agency (FHFA), acting as Fannie's conservator, has submitted a request for $15.3 billion from the Treasury on the company's behalf.)Funds for Housing Rehabilitation
The Shenandoah Valley-Herald, March 1
(RECAP: The town of Mount Jackson is hoping to receive federal funding to improve homes in their community. About 15 single-family residences could benefit from a Community Development Block Grant application that the town is currently working on with the help of People Incorporated.)News Clips Archives
To access previous issues, including prior fiscal years, of News Clips click here.
