Virginia State Government and Public Real Estate News

WASHINGTON – February 25, 2015 – (RealEstateRama) — Today U.S. Sens. Mark Warner and Tim Kaine (both D-VA) joined a dozen colleagues in introducing legislation, the Federal Employee Retroactive Pay Fairness Act of 2015, that would guarantee full pay for federal workers at the Department of Homeland Security (DHS), who could be furloughed because of a lapse in federal funding or agency shutdown. more »

  • 8,375 sq. ft. lot adjacent to park
  • 1939 home on lot to be deconstructed
  • Park expansion called for in 2005 Public Spaces Master Plan

WASHINGTON, D.C. – February 23, 2015 – (RealEstateRama) — The County Board today voted to approve the purchase, for $688,710, of property at 6608 18th Street North, adjacent to the County’s Benjamin Banneker Park, for future expansion of the park. The property, near the park’s existing playground, also is adjacent to Four Mile Run stream. more »

Richmond, VA – February 13, 2015 – (RealEstateRama) — Governor Terry McAuliffe today announced $200,000 in Community Development Block Grant (CDBG) Local Innovation funding for Nelson County. The Local Innovation Fund provides financial assistance to localities that are implementing small scale, innovative community development projects.  more »

WASHINGTON, D.C. – February 12, 2015 – (RealEstateRama) — The City of Alexandria has mailed real estate assessment notices to all property owners, representing the fair market value of properties as of January 1, 2015.

“This year’s assessments are consistent with a sluggish regional economy,” said Acting City Manager Mark B. Jinks.  “Although there is modest growth across homes and businesses, the commercial sector assessments are near flat.” more »

Maintains one-cent real estate tax reduction
Funded largely by hiring slowdown and elimination of proposed positions
Reflects concern over higher employee expenses for health care

The following is a statement from Arlington County Board Chair Jay Fisette.

WASHINGTON, D.C. – April 22, 2014 – (RealEstateRama) — These are difficult economic times. In finalizing the FY 2015 Budget, the County Board is working hard to balance a number of goals, including giving some relief to homeowners who have seen their assessments rise, limiting the growth of the County budget, funding school growth and maintaining our core services and existing infrastructure. more »

One-cent cut in real estate tax rate
County budget increase limited to 3%
4.7% increase in Arlington Public Schools funding
Modest 1% COLA for County employees

ARLINGTON, Va. – April 17, 2014 – (RealEstateRama) — The Arlington County Board today directed the County Manager to reduce the real estate tax rate by one cent in the Fiscal Year 2015 Budget. The Board’s action came during the mark-up for the budget, which the Board is set to adopt during its April 22 meeting. more »

WASHINGTON, D.C. – April 14, 2014 – (RealEstateRama) — Monmouth County Assemblywoman Caroline Casagrande will participate in a legislative ”sleep out” tonight on the grounds outside the State House in Trenton to raise awareness and funds in support of New Jersey’s homeless runaway and trafficked youth who are served by Covenant House. more »

Preserves 196 affordable housing units
Supports Columbia Pike Neighborhoods Plan
Is not expected to displace current tenants
AHIF loan to non-profit to buy property

ARLINGTON, Va. – April 14, 2014 – (RealEstateRama) — The Arlington County Board today approved a $16.5 million Affordable Housing Investment Fund (AHIF) loan to help AHC Inc., a nonprofit affordable housing developer, purchase Serrano Apartments at 5535 Columbia Pike. more »

Washington D.C. – April 10, 2014 – (RealEstateRama) — Representative Jim Moran, Northern Virginia Democrat, Ranking Member on the House Appropriations Interior Subcommittee and senior member of the Defense Appropriations Subcommittee, today introduced an amendment to the Legislative Branch Appropriations Bill for Fiscal Year 2015 that would restructure annual cost of living adjustments for Members of Congress as a housing stipend to reflect the challenges of maintaining a second home in the 5th most expensive real estate market in the country. more »

  • 98 units committed to remain affordable 60 years
  • Most units to be family-sized
  • $7.82 million AHIF loan to help finance

ARLINGTON, Va. – January 27, 2014 – (RealEstateRama) — The Arlington County Board today approved a plan to build a five-story mixed-income apartment building in the Buckingham neighborhood that will include 98 committed affordable units, most of them family-size. The Board also approved a $7.82 million Affordable Housing Investment Fund (AHIF) loan to help the non-profit Arlington Partnership for Affordable Housing (APAH) finance the development. more »

Arlington County Adopts Innovative Tools to Increase Affordable Housing on Columbia Pike
  • Shaping Pike residential development for next 30 years
  • Expected to add 9,500 new homes
  • Helping reach goal of preserving affordability
  • Culmination of years-long planning effort

ARLINGTON, Va. – November 18, 2013 – (RealEstateRama) — The Arlington County Board today adopted several new Planning and Zoning tools that could add 9,500 new homes along Columbia Pike over the next 30 years, and will help the County reach the Columbia Pike Neighborhoods Area Plan goal of preserving the affordability of approximately 6,200 market rate affordable homes. more »

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