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VHC News Clips, volume 2011-23 (June 16, 2011)

VHCIS Summer Symposium “Housing Builds” and Annual Awards Dinner

Register now! The Virginia Housing Coalition Information Service has scheduled The Second Annual Summer Symposium and Awards Dinner on June 23rd at the Omni Richmond Hotel.

A variety of topics will be available at the Symposium for participants:

* Federal and State Funding Sources and Issues
* Making the Case for Affordable Housing
* Mixed Use and Mixed Income Developments
* Housing Trust Funds
* Grassroots Organizing

The Planning Committee is lining up a power-packed group of speakers to help participants build their skills, knowledge, network and connections, so plan to join us and our sponsors, including BB&T, Virginia Community Capital, VHDA, The Better Housing Coalition and HOME, at the Omni on June 23rd!

Become a sponsor! Click here for information on sponsorship opportunities.

A detailed schedule of events including session speakers can be found here.

VHC Announces Winners List for Upcoming 30th Anniversary Awards Dinner
(RECAP: The Virginia Housing Coalition Awards Committee has selected their Award Winners for Leadership in Affordable Housing over the past year and beyond. The winners will be honored at the VHC Annual Awards Dinner from 6:30 to 9:00 pm on June 23rd .)

Danville Family Homes opens
Chatham Star-Tribune, June 14, 2011
(RECAP: The Partnership for Income Restricted Housing Leadership, in partnership with the Buckeye Community Hope Foundation and Total Action Against Poverty, this week opened Danville Family Homes, a 40-single-family home community in Danville .)

Mayor Jones outlines plan for $2.1 million in RRHA held funds
WTVR-6 CBS-TV, June 13, 2011
(RECAP: Mayor Dwight C. Jones introduced an ordinance today to transfer $2.1 million in funding being held by the Richmond Redevelopment and Housing Authority (RRHA) to the City's general fund. The funds represent remaining project monies from the redevelopment of the former Miller & Rhodes department store and related parcels, which was managed by RRHA for the City of Richmond .)

Housing crisis still looming in state
The Daily Progress, June 12, 2011
(RECAP: Home prices took a turn for the worse in the nation earlier this year. Prices fell 5.5 percent in the U.S. in the first quarter compared with the same period a year ago. In the fourth quarter, however, prices dropped only 4.2 percent in the U.S. , compared with the same period a year earlier, according to the Federal Housing Finance Agency data.)

Town, county apply for housing grant
The Star Exponent, June 11, 2011
(RECAP: The town and county of Culpeper recently applied for a federal grant to complete a comprehensive housing needs assessment.)

Culpeper County foreclosures: It's not over yet, folks
Star-Exponent, June 11, 2011
(RECAP: Google “Culpeper foreclosure” and it results in nearly 400,000 hits. Several years after the worst of the housing collapse, local mortgage defaults persist. In Culpeper County , foreclosures started in earnest in 2007 with 180 homeowners going under.)

PCCA indoor plumbing program improves living standard
Chatham Star-Tribune, June 10, 2011
(RECAP: Alvenis Lanier of Java and Kenneth Francis of Gretna have brand-new homes, thanks to Pittsylvania County Community Action Inc.'s Indoor Plumbing and Rehabilitation Loan Program. Funded by the Virginia Department of Housing and Community Development, the program targets low- to moderate-income residents without plumbing or incomplete plumbing.)

Americans' equity in their homes near a record low
The Richmond Times-Dispatch, June 10, 2011
(RECAP: Falling real estate prices are eating away at home equity. The percentage of their homes that Americans own is near its lowest point since World War II, the Federal Reserve said Thursday. The average homeowner now has 38 percent equity, down from 61 percent a decade ago.)

Fixed mortgage rates drop for 8th consecutive week
The Richmond Times-Dispatch, June 9, 2011
(RECAP: Fixed mortgage rates dropped for the eighth consecutive week, but low rates have done little to boost the struggling housing market. Freddie Mac says the average rate on the 30-year loan fell to 4.49 percent from 4.55 percent. The average rate on the 15-year fixed mortgage, a popular refinance option, slipped to 3.68 percent from 3.74 percent. Both are lows for the year.)

Danville civil rights pioneer dies
The News & Advance, June 7, 2011
(RECAP: James W. Peters Jr., a Danville business owner, civic leader and civil rights leader, died Sunday, June 5, 2011, at the age of 80.)

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