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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 2010-05 (August 5, 2010)
Housing Virginia … Start Here!
July Issuel
(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.)A New Look at Housing Affordability in Virginia
Virginia Association of REALTORS
(RECAP: The Center for Neighborhood Technology has released its Housing and Transportation Affordability Index, which factors in the cost of transportation when calculating the cost of living in greater metropolitan areas.)Housing Fuss Disrespects Tenants
The Daily Progress, August 4
(RECAP: I watched the Housing Authority Board meeting on Charlottesville 's Web site. Belmont residents were speaking out to say they don't want low-income housing to be built in their neighborhood.)Website to Help Push for More Affordable Housing
WTVR.com, August 3
(RECAP: There is a new resource for those who want to get involved in providing more affordable housing in Virginia . A new website has been created for Gov. Bob McDonnell's Housing Policy Advisory Committee. The website contains information about the initiative, including meeting dates and other information.)$4 Million in Federal Funds Withdrawn From Affordable Housing Project
The Falls Church Times, August 3
(RECAP: Last Friday, July 31, the Virginia Housing Development Authority informed Falls Church city manager Wyatt Shields that $4 million in Treasury Credit Assistance Program funds were being taken away from The Wilden affordable housing project at 350 S. Washington and assigned to a different development.)Bedford Apartments Offer Housing for Low-Income Seniors
The News and Advance, August 2
(RECAP: A new apartment complex for low-income seniors in the city of Bedford is seeking residents. Joseph's Dream Apartments — a cluster of 11 single-story buildings off Roundtree Drive near U.S. 460 — offers 50 handicap-accessible units.)Freddie Mac Creates Chief Admin istrative Officer Position
Virginia Business, August 2
(RECAP: Freddie Mac had named Jerry Weiss chief administrative officer, a new position for the company.)Habitat Seeking Family for Home
Culpeper Star Exponent, July 31
(RECAP: The Culpeper branch of Habitat for Humanity is looking for a qualifying family in need of a home, to be built in Griffinsburg. The folks at Habitat for Humanity are finding themselves in an odd situation.)Financial Services Committee Passes Major Public Housing Bill
NLIHC's Memo to Members, July 30
(RECAP: The House Committee on Financial Services also passed a major public housing preservation bill, H.R. 5814, on July 27. The bill is intended to preserve federal public housing and to improve the well-being of public housing residents.)Financial Services Committee Passes Preservation Bill
NLIHC's Memo to Members, July 30
(RECAP: On July 27, the House Committee on Financial Services, chaired by Representative Barney Frank, reported out H.R. 4868, the Housing Preservation and Tenant Protection Act of 2010.)Funding Efforts Will Carry Over to Fall
NLIHC's Memo to Members, July 30
(RECAP: Another week passed without the Senate coming to agreement on how to pass H.R. 5297, the Small Business Jobs and Credit Act of 2010. Senator Reid has pulled the whole bill from the floor and is expected to try again the week of August 2.)House Passes FY11 T-HUD Appropriations Bill
NLIHC's Memo to Members, July 30
(RECAP: The House capped a month of work on its FY11 Transportation, Housing and Urban Development, and Related Agencies appropriations bill on July 29 by passing H.R. 5850 that would provide $46.6 billion for HUD programs.)PETRA Briefing Addresses Tenant Mobility
NLIHC's Memo to Members, July 30
(RECAP: The Center on Budget and Policy Priorities, the Urban Institute, and Abt Associates held the second of a three-part briefing on the Obama Admin istration's proposed Preservation, Enhancement, and Transformation of Rental Assistance Act on July 26. HUD's PETRA proposal would change the way HUD housing is funded and operated, potentially altering the relationships between HUD, public housing agencies, and tenants.)New Group Focuses on Affordable Housing
Star Exponent, July 29
(RECAP: The Culpeper Housing Work Group met to revive discussion of an issue that's long beset the area — a critical shortage of affordable housing.)Dan River Region Foreclosures Up from Last Year
Trading Markets.com, July 29
(RECAP: Homes going into some stage of foreclosure in Danville and Pittsylvania County are up from a year ago, according to the latest data from RealtyTrac.)Obama Admin istration Announces Conference on Housing Finance Reform: “Conference on the Future of Housing Finance” set for August 17
US Department of Treasury, July 27
(RECAP: Today, the Obama Admin istration announced expanded opportunities for public engagement on the future of our nation's housing finance system, including Fannie Mae and Freddie Mac.)Geithner: U.S. Should Retain a Mortgage Backstop
Wall Street Journal, July 25
(RECAP: Treasury Secretary Timothy Geithner said Sunday the government should retain "some type" of federal guarantee to ensure that Americans can easily finance home loans, in what could be the latest salvo between the Obama administration and Republicans over the future role of the public sector in the housing market.)Governments Dole Out More Funding in Foreclosure Program
Washinton Examiner, July 25
(RECAP: Area governments are racing to dole out money to shore up foreclosure-ridden neighborhoods as a congressional deadline approaches.)Fed Off to Slow Start Unwinding Billions in Mortgage Assets
HousingWire, July 23
(RECAP: The Federal Reserve, which responded to the financial crisis with unprecedented monetary policy, is off to a slow start in settling mortgage assets it bought from government-sponsored enterprises.)Fannie Mae Gets Tough on 'Strategic' Mortgage Defaults
USA Today, July 23
(RECAP: Borrowers who walk away from mortgages they can afford to pay — making "strategic defaults" — are running increasing risks that they'll be penalized for doing so.)HUD to Investigate Mortgage Loan Denials
The New York Times, July 21
(RECAP: The Department of Housing and Urban Development is investigating the lending practices of certain mortgage lenders to determine if any prospective borrowers were illegally denied a mortgage because they were pregnant or on short-term disability.)Fight Now Looms Over Fannie, Freddie
The Wall Street Journal, July 17
(RECAP: The revamp of the nation's financial infrastructure, which will be signed into law by President Barack Obama, didn't address the fate of the mortgage-finance giants that helped fuel the housing bubble and were taken over by the government in 2008. So far, the U.S. has spent $145 billion to keep the companies afloat.)How Financial Overhaul Changes the Mortgage Market
Wall Street Journal Blog, July 16
(RECAP: The financial-regulatory overhaul will offer more protections for consumers against risky or complex mortgages, but bankers say that with fewer choices and more safeguards, loans could be slightly more expensive.)Extra Credit Checks Required by Fannie Make Some Lenders Anxious
The Washington Post, July 16
(RECAP: People who applied for a mortgage as of June 1 might see their finances -- specifically their debt -- under renewed scrutiny days before they are scheduled to complete a home purchase.)Treasury to Propose Housing Revamp Next Year
Reuters, July 15
(RECAP: The U.S. Treasury will not propose an overhaul of U.S. housing finance until next year as it concentrates first on implementing landmark financial reforms, the Treasury's number two official said on Thursday.)FHFA Subpoenas Firms That Sold Debt to Fannie Mae, Freddie Mac
Bloomberg Businessweek, July 12
(RECAP: The Federal Housing Finance Agency subpoenaed firms that sold mortgage-backed securities to Fannie Mae and Freddie Mac as the regulator aims to determine whether issuers can be held liable for losses on the debt.)News Clips Archives
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