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 2009-45 (May 13, 2010)
Fannie Mae Seeks $8.4B in Aid After 1Q Loss
My Way, May 10
(RECAP: Fannie Mae has again asked taxpayers for more money after reporting a first-quarter loss of more than $13 billion.)NAR Grants Help Make Homeownership More Affordable for Working Families
PR-USA.net, May 10
(RECAP: Despite today's tight economy, many areas of the country have not seen a significant drop in their high cost of living. To help meet this critical need for more affordable housing for low- to moderate-income working families, the National Association of Realtors® has awarded more than $3.4 million through the Ira Gribin Workforce Housing Grants program.)Honeywell Employees Help Repair Homes through Rebuilding Together Projects
Progress-index.com, May 10
(RECAP: Volunteers from Honeywell's three Richmond-area manufacturing sites, working in partnership with the nonprofit organization Rebuilding Together®, helped rebuild two homes and beautify a community playground in Petersburg .)Commentary: Washington Area's Housing Problem is Even Bigger Than You Think
The Washington Post, May 10
(RECAP: Projections show that the Washington metro area has the potential to generate 1.6 million net new jobs by 2030 and that the region's population will add as many as 1.7 million more residents making up 694,000 new households. The biggest question is: Where are these workers going to live?)Shelby : Fannie Mae, Freddie Mac Should Be Included In Financial Reform
The Huffington Post, May 8
(RECAP: A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsored mortgage companies blamed for creating a demand for risky loans and inflating the housing bubble, a leading GOP senator on banking issues says.)Ringleader of Va. Mortgage Fraud Gets 5 Years
Associated Press, May 7
(RECAP: Rojas, 30, a real estate agent from Vienna , Va. , was sentenced to five years in prison Friday in U.S. District Court for his role as the ringleader in a massive mortgage fraud scheme that ran amok in the booming Washington-area real estate market four years ago.)Campaign Will Send Letter to Congress Urging Immediate Funding
NLIHC's Memo to Members, May 7
(RECAP: The National Housing Trust Fund Campaign will send its letter to every Member of Congress next week. The letter has been signed by organizations in each of the 435 Congressional districts, plus the District of Columbia and Puerto Rico .)LIHTC Bill Introduced in Senate
NLIHC's Memo to Members, May 7
(RECAP: Senator Maria Cantwell introduced legislation on May 6 to improve the low income housing tax credit program. The bill, S. 3326, the Job Creation and Housing Act of 2010, would provide an exchange program for the 4% tax credit and expand the ability of investors to carry back tax credits. Both of these provisions have been sought by housing advocates as a way to reinvigorate the program, which has stalled during the financial crisis.)Report: Likely Rise in Elderly Homeless Requires Greater Federal Commitment
NLIHC's Memo to Members, May 7
(RECAP: Homelessness among the elderly will likely increase by 33% over the next 10 years, and more than double over the next 40 years, according to a recent projection released by the Homelessness Research Institute. This projection is part of a paper examining the impact that elderly homeless will have on homeless providers and housing organizations.)New Life for Old Clinchfield Coal Building
TriCities.com, May 7
(RECAP: Dante Crossing, the 12-unit apartment complex created in the old office building, is designed to meet a need for affordable, energy-efficient housing. It's restricted to people who meet income guidelines, which range from $18,600 to $36,960 depending on family size.)Freddie Mac Falls After Seeking $10.6 Billion From Treasury
Business Week, May 6
(RECAP: Freddie Mac, the mortgage company operating under U.S. conservatorship, fell 8 percent in New York trading after requesting $10.6 billion more in Treasury Department aid while reporting a first-quarter loss.)Foreclosure Program Adjusted
The Washington Post, May 6
(RECAP: Fairfax County officials are tweaking a foreclosure purchase program after seeing declining results as the real estate market picks up.)Group Turns Prince William Foreclosures into Affordable Homes
The Washington Post, May 6
(RECAP: The rehabilitation of the Wexford Loop townhouse was possible thanks to a $1.5 million Neighborhood Stabilization Program grant the Greater Prince William Housing Consortium received. The program is being administered by the Virginia Department of Housing and Community Development and is part of legislation Congress passed in 2008 to battle the foreclosure crisis.)Will Right-to-Rent Act Rescue Foreclosed Owners?
Housing Watch, May 3
(RECAP: In practice, it's hard to see how this law -- which is just in its first stages -- would financially protect people who owe more than their houses are worth.)News Clips Archives
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