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VHC News Clips, volume 2009-48 (June 3, 2010)
Housing Virginia … Start Here!
May Issue
(RECAP: Housing Virginia makes the case for increasing the supply of affordable housing options across the state by providing local leaders with up-to-date housing research, proven approaches and effective community education strategies. Stay up to date with news, approaches and solid information to use in your region.)US Home Prices Show Signs of Revival
Daily Times, May 29
(RECAP: In April alone, sales of existing homes jumped 23 percent from a year ago, according to the trade organization National Association of Realtors. Sales of new homes rose even faster, up 48 percent from a year ago. What's more, a growing number of economists believe the three-year plunge in housing prices is at an end. )Senator Webb Announces Over $18 Million in Recovery Funding for Rural Communities in Virginia
WPCVA.com, May 29
(RECAP: Senator Jim Webb (D-VA) today announced more than $18 million for Virginia , funded through the American Recovery and Reinvestment Act, that will create jobs and improve needed infrastructure in rural communities across the state. )Hampton Roads Home Prices Rose Quickly, Falling Slowly
Daily Press, May 28
(RECAP: Hampton Roads home prices on average fell nearly 10 percent between the end of 2007 and the first quarter of 2010. )House Holds Hearing on HUD TRA Proposal
NLIHC's Memo to Members, May 28
(RECAP: HUD's proposed Preservation, Enhancement, and Transformation of Rental Assistance initiative was met with widespread concern by members of the House Committee on Financial Service at its May 25 hearing. PETRA would allow public housing agencies and certain assisted housing properties to convert their subsidies to a new form of rental assistance .)House Passes Scaled Down Tax Bill; NHTF Survives
NLIHC's Memo to Members, May 28
(RECAP: The House of Representatives passed a scaled-down version of H.R. 4213, the American Jobs and Closing Tax Loopholes Act of 2010. Fortunately, the funding for the NHTF remained after the bill was cut to $115 billion. The vote was 215-204.)HUD Documents “Worst Case Needs” in 2007
NLIHC's Memo to Members, May 28
(RECAP: HUD issued its twelfth “Worst Case Housing Needs” in the last week of May. The report states that there were 5.91 million households, comprising 12.97 million people, with worst case housing needs in 2007, based on analysis of American Housing Survey data. HUD is required by statute to report to Congress on “worst case housing needs” every two years.)Proposed Sustainable Communities Planning Grant NOFA Rating Factor Forms
NLIHC's Memo to Members, May 28
HUD's Office of Sustainable Housing and Communities submitted to the Office of Management and Budget proposed forms for rating applications for the $100 million Sustainable Communities Planning Grant Program. A Notice of Funding Availability has not been issued yet; however, in anticipation of publishing a NOFA, proposed “Rating Factor Forms” were submitted to OMB for public review and comment on a seven-day emergency basis. Comments are due June 1.)Low-Interest SPARC Funding for First-Time Homebuyers in Loudoun Extended
Virginia RealEstateRama, May 28
(RECAP: VHDA has announced Fiscal Year 10 funding allocations under its SPARC program have been extended through December 2010. )U.S. Home Loan Rates Near Record Low on Europe Crisis
Bloomberg Businessweek, May 27
(RECAP: Europe's debt crisis is translating into lower mortgage rates for Americans as investors fleeing to the refuge of U.S. bonds push borrowing costs close to December's record low. )Fort Monroe Handoff to Preserve History, Military Housing
Military News, May 27
(RECAP: When the Army vacates the historic casemates of Fort Monroe next year, the plan is to convert the Virginia post to a National Park, yet lease a professional office complex inside the moat-encircled walls and continue to house military families there. )F.C. Mulls Its 1st Ever Downtown 'Community Development Authority'
Falls Church News-Press, May 26
(RECAP: For the first time in the history of Falls Church , a novel and effective economic development tool known as a "Capital Development Authority" is being proposed to help "fast track" a non-profit commercial office building known as The McKeever Building on S. Washington St . )Nonprofits Join to Help Find Homes
NVDaily.com, May 26
(RECAP: Several local nonprofit organizations have joined forces to help low-income residents find homes at a discount.)Is the Housing Market on the Rebound?
Time, May 26
(RECAP: Already, falling interest rates, an improving economy and a last bit of economic stimulus are helping the housing market stage a revival. In April alone, sales of existing homes jumped 23% from a year ago, according to the trade organization National Association of Realtors. )Fannie, Freddie Launch New Loan Data Standard: FHFA
Reuters, May 25
(RECAP: The regulator for Fannie Mae and Freddie Mac said on Monday the U.S. government-controlled mortgage finance giants will launch a standardized method for lenders to submit information on mortgages, including appraisals, by next year. )CFO Takes Over D.C. Housing Authority's Finances
The Washington Examiner, May 25
(RECAP: The District's independent chief financial officer is taking financial control of the city's embattled Housing Authority, a victory for the D.C. Council over the mayor in a long-running feud over control of awarding city contracts. )News Clips Archives
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