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VHC News Clips, volume 2009-43 (April 29, 2010)
AHDC to Receive HAND Award
Press Release, April 27
(RECAP: The Alexandria Housing Development Corporation is proud to announce that it will be a recipient of a 2010 Annual Achievement Award given by the Housing Association of Non-Profit Developers at its Luncheon and Housing Expo on June 7th. HAND supports a community of housing providers in the Baltimore-Washington DC-Richmond corridor.)Tysons Plan Worries Developers with Property not Near Planned Metro Stations
The Washington Post, April 26
(RECAP: A new plan for Tysons Corner has been in the works since 2005, but there is still a lot at stake in the final details for developers with money in the area.)Time Running Out for Home Buyer's Tax Credits
Lynchburg ABC News, April 25
(RECAP: Time is running out for home buyers looking to take advantage of Federal Housing Tax Credits. Buyers must sign housing contracts by April 30th to save big bucks. Realtors say home buyers are scrambling to complete their purchases.)Local Subdivisions Part of Hovnanian Settlement
Star Exponent, April 25
(RECAP: Hovnanian Enterprises, one of the nation's largest homebuilders, agreed to pay $1 million to settle charges filed by the Environmental Protection Agency. The EPA said the company failed to properly contain or manage potentially harmful runoff from construction sites.)5 Key Steps to Buying Your First Home, Tax Credit or Not
USA Today, April 25
(RECAP: There are five tasks that Realtors, brokers and other housing experts say first-time home buyers should know how to do before getting into the market.)Help and Hope for Chesapeake 's Homeless
The Virginian-Pilot, April 24
(RECAP: Thursday's Project Homeless Connect Day, initiated by the city of Chesapeake and the Chesapeake Coalition for the Homeless, offered one-stop shopping for those seeking resources to move toward self-sufficiency.)Fannie Mae Wants to Help Some Troubled Borrowers Get Back into Home Market
The Washington Post, April 24
(RECAP: Here's some good news for people who had to give the deed on their house back to the bank because of financial problems, or who have done a short sale to avoid foreclosure: You may not have to wait the typical four or five years to re-qualify for financing to buy another home. Instead, it could be as little as two years.)GREEN Act Passes Committee
NLIHC's Memo to Members, April 23
(RECAP: The House Committee on Financial Services reported out H.R. 2336, the GREEN Act (Green Resources for Energy Efficient Neighborhoods), on April 22. The bill would provide incentives to make housing financed by HUD and the U.S. Department of Agriculture (USDA) more energy efficient.)HAC Authorization Bill Introduced; Sign-on Letter Circulating
NLIHC's Memo to Members, April 23
(RECAP: Representative Ruben Hinojosa (D-TX) introduced a bill on April 22 to authorize increased federal funding for the Housing Assistance Council. HAC has in the past received federal funds to accomplish its mission of improving housing conditions for the rural poor, with an emphasis on the poorest of the poor in the most rural places.)HUD and Treasury Seek Input on the Future of the Housing Finance System
NLIHC's Memo to Members, April 23
(RECAP: On April 22, the U.S. Department of the Treasury and HUD formally published a notice seeking comments on how a more stable and sound housing finance system can be established. This notice was announced by Secretary Shaun Donovan on April 14 at a House Committee on Financial Services hearing on the housing finance system. Comments are due by July 21 .)HUD Seeking Input on FY11 Research Agenda
NLIHC's Memo to Members, April 23
(RECAP: The Office of Policy Development and Research (PD&R) at HUD is seeking suggestions for research to be funded in FY11 or in the coming years. There is currently no deadline for comments. No specific deadline for comments has been published .)NSP Guidance on Impact of New Definitions for ‘Foreclosed' and ‘Abandoned'
NLIHC's Memo to Members, April 23
(RECAP: I n an effort to increase use of Neighborhood Stabilization Program funds, HUD recently published two notices changing the definitions of ‘foreclosed' and ‘abandoned' for both NSP1 and NSP2. On April 21, additional guidance was posted on HUD's NSP-HELP web page.)Public Housing Bills Expected, Hearing Scheduled
NLIHC's Memo to Members, April 23
(RECAP: The House Financial Services Subcommittee on Housing and Community Opportunity will hold an April 28 hearing on two public housing bills, the Public Housing One-for-One Replacement and Tenant Protection Act of 2010 and the Public Housing Preservation and Rehabilitation Act of 2010. The bills are expected to be introduced shortly by Subcommittee Chairwoman Maxine Waters (D-CA) and Committee Chairman Barney Frank (D-MA), respectively.)Price of Living too Much for Many
The Southwest Times, April 23
(RECAP: Nearly half of all families in Pulaski County cannot afford to rent a standard two-bedroom unit, according to recently released information.)New Face of Foreclosure – The Unemployed
The Washington Informer, April 23
(RECAP: Giselle Jiles could be the new face of foreclosure. The 52-year-old financial planner has owned her home in Oakland 's Laurel District for 12 years. She did not buy an expensive home that was beyond her means and she did not sign up for a predatory adjustable rate mortgage that was reset at an unsustainably expensive rate.)Mortgage Servicer Profits May Threaten Obama Housing Programs
BusinessWeek, April 21
(RECAP: Mortgage servicers may have to take a pay cut to participate in President Barack Obama's programs to modify home loans and advance the sale of properties in default.)New Home Permits Up
NBC29.com, April 21
(RECAP: The business of building new houses, which had slowed nearly to a stop and created an avalanche of problems across the economy, may have new signs of life in Albemarle County . Housing stats there are up, and that means both new jobs and new hope.)Home Market Claims Builder Barry Meade
Charlottesville Daily Progress, April 20
(RECAP: An Albemarle County custom homebuilder who focused on building energy-efficient homes has fallen victim to a sluggish housing market favoring lower cost resells over new construction.)Old Roanoke YMCA Developer Anthony Smith Given More Time for Project
The Roanoke Times, April 20
(RECAP: The Roanoke City Council voted unanimously Monday to give Anthony Smith another four months to make the numbers work to redevelop the 54-year-old downtown YMCA into commercial and living space.)Fannie Mae Pushing Home Ownership—But Is That Right?
CNBC.com, April 19
(RECAP: The question now, as we scrape together what's left of our economic faith and investing gumption, is: Should we continue to push borderline borrowers into home ownership?)News Clips Archives
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