Virginia Housing Coalition

Virginia Housing Coalition News Clips

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 2009-44 (May 6, 2010)

 

Governor Announces Effort to Reduce Homelessness, Expand Affordable Housing
Daily Press, May 2
(RECAP: The executive housing policy framework, the first of its kind in Virginia , will help guide the development of a housing policy that will be announced in the fall.)

Government Roundup: Fair Caters to Prospective Homebuyers
InsideNoVA.com, May 1
(RECAP: The public is invited to the Prince William Area Home Buying Information Fair on Saturday, May 8 from 9 a.m. to 2 p.m. at the Dr. A.J. Ferlazzo Building, 15941 Donald Curtis Drive in Woodbridge .)

Virginia Housing Market is Improving, Realtors Say
Richmond Times-Dispatch, May 1
(RECAP: Housing is mending as the economy continues to improve and people gain enough confidence to buy houses, according to a first-quarter home-sales report released yesterday by the Virginia Association of Realtors.)

Southwest Virginia Homes a ‘Buyer's' Market
TriCities.com, May 1
(RECAP: More Southwest Virginia homes were sold during the first three months of 2010 compared to the same period last year, according to a new report by the Virginia Association of Realtors.)

Sales Volume, Prices Rose in First Quarter of 2010 in Washington Area Market
The Washington Post, May 1
(RECAP: The buyers are back in the Washington area home market, according to a market trends report released Tuesday by MRIS (the local multiple listing service) and real estate research firm Delta Associates.)

Financial Reform Without Fannie and Freddie?
Foreclosure Nightmare, April 30
(RECAP: The Senate began debate Thursday on an overhaul of the financial-services industry.)

House Hearing Addresses Public Housing Preservation
NLIHC's Memo to Members, April 30
(RECAP: The House Financial Services Subcommittee on Housing and Community Opportunity held a hearing on April 28. The hearing focused on two bills, the Public Housing One-for-One Replacement and Tenant Protection Act of 2010 and the Public Housing Preservation and Rehabilitation Act of 2010.)

HUD and DOT Seek Comments on Joint Evaluation of Planning Grants
NLIHC's Memo to Members, April 30
(RECAP: The Department of Transportation and HUD are proposing a multi-agency evaluation and award process for a new DOT planning grants program. The agencies are requesting comments regarding whether a joint solicitation for HUD and DOT planning grant programs is feasible, given differences in eligible applicants and activities. Comments Due May 7 .)

Revised Handbook Highlights Improved Section 3 Monitoring and Attention to the Stimulus Programs
NLIHC's Memo to Members, April 30
(RECAP: A revised Community Planning and Development Monitoring Handbook (6609.2 REV-6) was posted to HUD Clips on April 27. This Handbook is used by CPD staff in the field to monitor grantee performance with all CPD programs, including the Community Development Block Grant program and HOME, and can help advocates understand what is required of grantees.)

Study Examines Household Formation and Housing Demand in Recession
NLIHC's Memo to Members, April 30
(RECAP: A recent study by the Research Institute for Housing America shows that rental household formation likely fell by two to four percentage points and owner household formation likely fell by one percentage point.)

Tax Credit Bumped up Home Sales in Lynchburg Area
The News & Advance, April 30
(RECAP: In the final days before a tax credit for homebuyers expired, some people in the Lynchburg area rushed to get contracts on new homes.)

Monetize Options for Distressed Borrowers
ShortSaleDailyNews, April 30
(RECAP: Fannie Mae wants distressed sellers to avoid foreclosure and jump back into home ownership.  To persuade homeowners to short sale or deed in lieu, they have reduced the waiting period for homeownership again.)

Homebuyers Move to Take Advantage of Tax Credit
Richmond Times-Dispatch, April 30
(RECAP: The scramble is on to sign contracts to buy houses before tax credits expire tonight at midnight -- and it's not just first-time homebuyers in the Richmond area who plan to take advantage of the credit.)

Foreclosure Estimate Falls
The Wall Street Journal, April 28
(RECAP: Banks have fewer foreclosed homes to sell than previously believed, but those holdings are likely to grow gradually over the next couple of years, a new study by Barclays Capital says.)

McDonnell Directs Formulation of Policy to Expand Affordable Housing
The Washington Post, April 28
(RECAP: Last Wednesday, Gov. Bob McDonnell (R) announced that his administration will develop a comprehensive policy to promote affordable housing.)

New Fannie Mae Rules Aid Former Homeowners
Housing Watch, April 26
(RECAP: In an effort to aid in the recovery of the housing market, Fannie Mae has changed its loan rules for homeowners that went through a short sale or gave their deed back to the bank before foreclosure.)

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Middle-class Virfinians can't afford the American dream. That's a problem Virginia can't afford to ignore.