Virginia State Government and Public Real Estate News

The Arlington County Board tonight will discuss recent staff updates to the Affordable Housing Master Plan and Implementation Framework. The purpose of the work session is to address remaining Board memb The County is seeking a 25-year Plan that will guide the next generation of affordable housing investment in Arlington because providing a range of housing options affordable to persons of all income levels and needs throughout the County supports our people, improves our neighborhoods and strengthens our economy.
July residential real estate sales reflected a significant uptick from the same period last year, according to the July 2015 Home Sales Report released by the Virginia Association of REALTORS® (VAR). The 13 percent increase in sales over July 2014 continues an eight-year trend of year-over-year improvement. July sales are typically lower than the volume per month for June or any single month of the second quarter. In addition, the decrease of 8 percent from June indicates buoyancy from the 11 percent month-to-month dip averaged over the prior seven years for the same period.<
September is Affordable Housing Month in Arlington, a month-long celebration of the County’s long-term commitment to preserving and creating housing opportunities that benefit the whole community. Join us for bus and bike tours of affordable housing developments around the County, public forums to discuss housing challenges and an informational session covering services and programs available to residents.
The U.S. Environmental Protection Agency today announced that the Minneapolis Veterans Affairs Health Care System has won a Federal Green Challenge award for transportation. The Challenge encourages federal agencies throughout the nation to lead by example by conserving energy and resources, cutting waste, reducing pollution and saving money.
Governor Terry McAuliffe today announced more than $8.2 million in Community Development Block Grant (CDBG) funding for 12 projects in Virginia. Since 1982, the federally-funded CDBG program has been administered by the Virginia Department of Housing and Community Development (DHCD), and Virginia receives approximately $17 million annually for this grant program.
An Ashburn, Virginia, resident was sentenced to prison today for mortgage and tax fraud, announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division and U.S. Attorney Dana J. Boente of the Eastern District of Virginia.
Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided an $11.7 million Fannie Mae loan facility to refinance a multifamily property located in Sterling, Virginia. The loan term is 10-years, with seven-years of interest only, amortizing over 30-years. The new facility replaces an existing Hunt Mortgage Group Fannie Mae loan with a Fannie Mae Choice Refinance Structured ARM
The Virginia Association of REALTORS® (VAR) kicks off its first year-long sponsorship of Homes for Our Troops (HFOT) with a $10,000 contribution towards the total $61,175 raised in support of the nonprofit that operates nationally to build mortgage-free homes for severely injured post-9/11 Veterans, enabling them to rebuild their lives.
Climate change poses a real and growing threat to our children, our families, our national security, and our economy. We cannot afford to wait to act on climate change
The Virginia residential real estate market experienced its strongest second quarter since the 2008 recession, with sales volume reaching nearly $10.6 billion during the April through June timeframe. This sales volume represents an 11 percent increase relative to the second quarter of 2014 ($9.5 billion), according to the Second Quarter 2015 Home Sales Report released by Virginia Association of REALTORS® (VAR).
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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