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VHC News Clips, volume 2011-1 (January 6, 2011)
City Council Holds First Session of 2011
Falls Church Times, January 4, 2011
(RECAP: The Falls Church City Council held a brief public work session Monday evening… Most of the open session was devoted to aspects of affordable housing.)Bank of America settlement with Fannie Mae and Freddie Mac eases uncertainty
Richmond Times Dispatch, January 4, 2011
(RECAP: Bank of America Corp. reached a $2.8 billion settlement with Fannie Mae and Freddie Mac over claims that one of its businesses sold bad mortgages. The payment is far lower than analysts expected and removes some uncertainty that has hovered over the bank.)Key to Real-Estate Rebound: Solid Economic Growth
Wall Street Journal, January 3, 2011
(RECAP: After dragging the U.S. economy into a severe recession, property markets across the country now are relying on an economic recovery to help cure their hangover in the new year.)Some banks help keep mortgage holders out of default, studies find
PHYSORG.com from The Ohio State University , January 3, 2011
(RECAP: While the nation's foreclosure crisis has focused blame on bad loan practices by some lenders, new research shows how some banks may have actually reduced the default risk of their homebuyers. Researchers found that low-income homeowners who received a mortgage from a local lender were less likely to default on their loans than are those who borrowed from a more distant bank or mortgage company.)Affordable Housing Groups Get Boost
WVIR-TV NBC29, December 30, 2010
(RECAP: The Piedmont Housing Alliance is one of the groups that could benefit. Plans are in the works to bring hundreds of thousands of dollars to community groups in Charlottesville committed to affordable housing.)HELP Center planner gives K.G. board deadline on land
Efforts to build an $8 million HELP Center in King George for the region's disadvantaged hit a snag
Fredericksburg.com, December 30, 2010
(RECAP: The woman who has offered to build an $8 million center in King George County to serve the region's disadvantaged says she can't keep waiting for the Board of Supervisors to turn over the land for the new facility.)Renter learns the disruptive nature of foreclosures
Richmond Times Dispatch, December 29, 2010
(RECAP: Rachel Durham rents a home in Chester that the owner has not paid the mortgage on and now the house is in foreclosure.)Views at Clarendon Lawsuit Dismissed, Again
ARLnow.com, December 27, 2010
(RECAP: A lawsuit to block an affordable housing deal between the state, the county, a developer and a Clarendon church has been dismissed by a federal appeals court.)Prince William recognized for housing efforts
InsideNOVA.com presented by News & Messenger, December 26, 2010
(RECAP: Prince William Office of Housing and Community Development Director Elijah Johnson recently received the Sen. Charles J. Colgan Advocacy Award from the Independence Empowerment Center .)Bettering the lives of all Virginians
Richmond Times Dispatch, December 26, 2010
(RECAP: Those of us who toil in the housing industry — whether our organizations are for-profit or nonprofit — have long sought more and more meaningful opportunities to discuss the legitimate, albeit limited, role the state government can and should play in fostering an environment in which we can succeed. Gov. Bob McDonnell's Housing Policy Framework initiative seeks to do just that.)Smart meters enable sunny energy future
GoDanRiver.com, December 23, 2010
(RECAP: The phrase “net metering” doesn't mean much to most electric power customers — at least not today — because most of us use the electricity we get and then pay the bill. But net metering allows those people who generate their own electricity to sell it back to the electric company.)Volunteers build ramps, hope
Richmond Times Dispatch, Published: December 23, 2010
(RECAP: When you drive by Delores Gilpin's house in Chesterfield County , you see a new wheelchair ramp and nothing more. When Gilpin looks out her side door, she sees independence. She sees a ramp that will allow her to carry her groceries into the house on a rolling cart and an easy route for bringing in her motorized scooter out of the weather.)
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