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VHC News Clips, volume 2009-46 (May 20, 2010)
Agencies Revamp Valley Vista : People Inc. overseeing work on decades-old subsidized apartments
Northern Virginia Daily, May 18
(RECAP: A 1970s-era subsidized housing complex undergoing a major renovation was shown off last week to some of the people who have made the face-lift possible. The Northern Shenandoah Valley Regional Commission's Housing and Community Services Policy Board toured Valley Vista Apartments in Woodstock on Thursday morning.)VHDA Extends SPARC Deadline
The Southwest Times, May 17
(RECAP: Due to a slow housing market, Virginia Housing Development Authority (VHDA) has extended the deadline to apply for a low-interest home loan through its SPARC (Sponsoring Partnerships and Revitalizing Communities) program. )Housing Inventory Down, Prices Up in D.C. Area
The Washington Post, May 17
(RECAP: The glut of homes for sale in the Washington area has shrunk dramatically since the housing market's darkest days in 2008, and supply is now close to healthy in some spots. )Richmond to Hold Public Hearings to Develop Vision for the East End
Richmond Times-Dispatch, May 16
(RECAP: The city will hold a series of public meetings next month to address the revitalization of the 25th Street / Nine Mile Road corridor. The purpose is to come up with specific proposals for design, housing and business opportunities for this part of the city and policy and recommendations for revitalization, city officials say. )NN Cyclist Biking to Build Awareness for Affordable Housing
The Daily Press, May 15
(RECAP: Beginning May 21, Alyson Fletcher, 24, will begin biking 4,000 miles from Virginia Beach to Cannon Beach , Ore. to raise money and awareness for affordable housing. Fletcher is riding with 30 other recent college graduates as part of the Bike and Build program. )Freddie and Fannie Won't Pay Down Your Mortgage
CNNMoney.com, May 14
(RECAP: Fannie Mae and Freddie Mac, which are controlled by the federal government, do not lower the principal on the loans they back, instead opting for interest rate reductions and term extensions when modifying loans. )$1.065 Billion for NHTF Expected on the House Floor Week of May 17; Congress Receives Massive Sign-on Letter
NLIHC's Memo to Members, May 14
(RECAP: Funding for the National Housing Trust Fund is expected to be included in H.R. 4213, which will be brought to the floor of the House of Representatives during the week of May 17. The bill will include $1 billion as the initial NHTF capitalization and $65 million for project-based vouchers to be coupled with capital grants. )HUD FY10-15 Strategic Plan Released
NLIHC's Memo to Members, May 14
(RECAP: HUD released its strategic plan for FY10-FY15, with the agency noting that the plan is intended to “serve as the agency's roadmap toward accomplishing its mission.” )HUD Releases Proposed TRA Legislation
NLIHC's Memo to Members, May 14
(RECAP: On May 12, the White House Office of Management and Budget approved, and HUD released, the Administration's Preservation, Enhancement, and Transformation of Rental Assistance Act of 2010. The proposal for legislation is HUD's most detailed account yet of its Transforming Rental Assistance initiative, which HUD included in its FY11 budget request to Congress.)HUD Seeks Comments on Small Area FMR Demonstration Project for FY11
NLIHC's Memo to Members. May 14
(RECAP: A notice made available as a pre-publication draft on May 12 describes in greater detail the proposed methodology for determining the small area Fair Market Rents (FMRs) that HUD officials discussed at NLIHC's policy conference.)Income Limits, Final Notice Ending ‘Hold Harmless' Policy Released
NLIHC's Memo to Members, May 14
(RECAP: HUD released its FY10 estimated median family incomes and income limits on May 14. More than 500 FMR areas saw their VLI income limits decline from FY09. Under a new policy HUD will discontinue its “hold harmless” policy for income limits, and will instead permit limited annual declines in Section 8 program income limits.)President of Real Estate Investment Company Indicted
Virginia Real Estate Rama, May 14
(RECAP: Yvonne L. Robertson, 44, of Hampton , Virginia was charged in a superseding indictment, returned by a federal grand jury yesterday, on charges of engaging in monetary transactions in property derived from unlawful activity, as well as making materially false statements to an agent of the United States . )Women Building Homes
Arlington Connection, May 13
(RECAP: Alice Waagen is wearing a hard hat and a tool belt and she's covered in dust from the demolition work she is doing at the Perry Hall Condominium, the Habitat for Humanity 12-unit building on South 17th Street in Arlington. )New Allies, Same Mission
Fairfax Station, May 13
(RECAP: FACETS recently received two grants from the Freddie Mac Foundation and the Phillip L. Graham Fund to help further its goal to end homelessness in the county. The grants, totaling $130,000, were especially beneficial, FACETS leaders said, given the current state of the economy.)County Begins Next Chapter in Laurel Hill: S upervisors approve Laurel Hill Adaptive Reuse Plan, authorize staff to begin negotiations with developer.
Virginia Connection Newspapers, May 13
(RECAP: The residents of Lorton can finally look to the future on one of the community's most long-awaited projects. Within the site, 171 residential rental units, composed of 127 market-rate units and 44 affordable units, and 181 resident-owned and occupied units are also slated for construction.)Region's Foreclosures Hit Record Level in April
The Virginian-Pilot, May 13
(RECAP: The number of local foreclosure-related notices last month reached 1,738, up 31 percent from March and 49 percent higher than a year ago, according to RealtyTrac, a foreclosure-monitoring service based in Irvine, Calif.)Tysons Plan Nears Completion
Great Falls Connection, May 12
(RECAP: In the wake of repeated assertions from developers and landowners that the affordable housing requirements proposed for the redevelopment of Tysons Corner were too costly to meet, county staff presented some alternatives, one of which was borrowed from Arlington County.)Home Sales in Roanoke Valley Boom in April
WDBJ7.com, May 12
(RECAP: In April, the Roanoke Valley saw its highest monthly number of homes placed under contract in three years. )Affordable Housing Under Construction
Nbc12.com, May 12
(RECAP: Finding affordable housing is on a lot of minds these days - and Wednesday night can be your first step to big savings with the new town housing complex in Church Hill. )Housing Agency Barred from Fairfax County Projects Because of Fraud Case
The Washington Post, May 11
(RECAP: One of Northern Virginia's top affordable-housing nonprofit agencies has been excluded from any Fairfax County projects for the next year because of its role in an alleged fraud scheme that officials say was orchestrated by the agency's former executive director. )No Rest for Making Home Affordable Head as Foreclosure-Prevention Effort Evolves
The Washington Post, May 11
(RECAP: By the time Phyllis Caldwell signed up to lead the Treasury Department team overseeing the government's massive foreclosure-prevention effort six months ago, the federal program had reached a precarious point. Although 650,000 homeowners had enrolled, most had been waiting for months to learn whether they would be able to keep the federal aid that slashed their mortgage payments. )Republican Senators Pressing to End Federal Control of Fannie, Freddie
The Washington Post, May 11
(RECAP: As the Senate resumed debate Monday on legislation to overhaul financial regulation, leading Republican lawmakers are pushing an amendment that would wind down the government-controlled mortgage finance giants Fannie Mae and Freddie Mac. )
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