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VHC News Clips, volume 2009-37 (March 18, 2010)
Affordable Housing Project Moves Toward Approval
Falls Church Times, March 17
(RECAP: The Falls Church Planning Commission voted 5-2 on March 15 to recommend approval of a special exception for the construction of The Wilden at 350 South Washington Street . The decision clears the way for the City Council to approve the 66 unit senior affordable housing project on second reading next Monday, March 22.)Where's the $2 Million? (Part IV)
Falls Church Times, March 16
(RECAP: Since July, the Falls Church Times has followed the status of the City's 2008 $2 million no-interest loan to Falls Church Housing Corporation for a purchase option on property at 360 S. Washington Street . That purchase option expired unexercised in December 2009, triggering a repayment requirement by the property owner and the Housing Corporation by the end of January, 2010.)Squeezed Out: Part-time Jobs Aren't Enough to Buy a House
InsideNoVA.com, March 16
(RECAP: As of 2008, Prince William's household median income is $88,724, making the Washington suburb the 14th wealthiest in the U.S. , according to Forbes Magazine. What that actually means is that there are a whole lot of rich folks, and a whole lot living paycheck to paycheck, or without a paycheck at all.)Senior Affordable Housing in F.C. Clears Major Hurdle in 4-3 Vote
Falls Church News-Press, March 15
(RECAP: The plan for a 66-unit new senior affordable housing project in downtown City of Falls Church cleared a major hurdle tonight with a critical 4-3 vote on the Falls Church Planning Commission to reject a motion to disapprove the project.)HELP Center First in Virginia : King George nonprofit planning another ambitious project--an office complex that would provide many resources for low- and moderate-income families
The Free Lance-Star, March 14
(RECAP: The nonprofit agency that brought $13 million worth of affordable housing to King George County --without a dime of taxpayer funds--is planning a building that would be the first of its kind in Virginia . Project FAITH wants to build a HELP Center , a complex that would offer a variety of services to low- and moderate-income families in King George and throughout the Northern Neck.)Affordable Housing Needs Some Public Funding
The Washington Post, March 13
(RECAP: Fairfax County aspires to greatly increase the amount of affordable housing at Tysons Corner for workers who now must commute there from afar, consuming time and fossil fuel while contributing to traffic congestion.)Bill Introduced to Make Permanent the Protecting Tenants at Foreclosure Act
NLIHC's Memo to Members, March 12
(RECAP: Representative Keith Ellison (D-MN) introduced legislation to repeal the sunset date for the Protecting Tenants at Foreclosure Act. The PTFA, which was enacted May 20, 2009 requires the person or entity acquiring title at foreclosure to provide bona fide tenants with 90 days' notice prior to eviction.)New Choice Neighborhoods Initiative Released; Hearing on March 17
NLIHC's Memo to Members, March 12, 2010
(RECAP: The House Committee on Financial Services will hold a hearing on the latest iteration of HUD's Choice Neighborhoods Initiative (CNI) proposal on March 17. On March 11, HUD circulated the most recent version of its proposed CNI legislation, an update of its November draft.)Secretary Testifies Before Senate Appropriations
NLIHC's Memo to Members, March 12
(RECAP: The Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies held its HUD FY11 budget hearing on March 11. As the sole witness, HUD Secretary Shaun Donovan testified on HUD's plans to strengthen the Federal Housing Admin istration , support rental assistance programs, and cut capital programs.)Senate Fails to Act on NHTF Funding Again
NLIHC's Memo to Members, March 12
(RECAP: Despite significant efforts by advocates and members of Congress, the Senate failed to include funding for the National Housing Trust Fund in the American Workers, State, and Business Relief Act of 2010, H.R. 4213, when it passed the Senate on March 10.)Community Capital Bank Triples Loans
Richmond Times-Dispatch, March 12
(RECAP: Usually, bankers like to hear your Plan A, then your Plan B -- and then take your collateral before lending to your business. But a novel new bank -- it is owned by a nonprofit organization-- is doing all right by skipping the Plan B discussion about the personal assets a borrower would use if a basic business plan fails.)Galax to Receive $300,000 to Help Vaughn-Bassett Furniture Co. Expand
WSLS.com, March 12
(RECAP: Governor Bob McDonnell's office says the New River Valley city will receive $300,000 in Community Development Block Grant money.)Federal Home Loan Bank of Atlanta to Award $2.9 Million for Affordable Housing in Virginia : Funding to Create, Preserve 335 Affordable Rental, Homeownership Units
Press release PR Web, March 11
(RECAP: Federal Home Loan Bank of Atlanta announced that it will award $2.9 million to fund nine affordable housing developments in Virginia . The funding is part of $40 million FHLBank Atlanta will award in 10 states to create or preserve 3,897 units of affordable housing.)ODU Nonprofit Hopes Norfolk Groundbreaking is Just a Start
The Virginian-Pilot, March 11
(RECAP: The groundbreaking on a 51-unit townhouse complex at the edge of Lamberts Point could be the start of something much bigger, university officials and community leaders say. The townhomes will be a testing ground for ODU's relatively unproven Community Development Corporation, a nonprofit venture that may eventually reach far off campus to affect a number of westside Norfolk neighborhoods.)News Clips Archives
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