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RealEstateRama

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Sen. Warner Welcomes Implementation of Federal Drone Rule

U.S. Sen. Mark R. Warner (D-VA) released a statement regarding the Federal Aviation Administration’s (FAA) small drone rule, which goes into effect on Monday, allowing certified commercial pilots to fly unmanned aircraft systems (UAS) weighing up to 55 pounds during the daytime

Virginia REALTORS® continue to support Homes for Our Troops

Last Saturday, August 19th, Bill White, President, VAR, offered the continued support of REALTORS® at a Homes for Our Troops groundbreaking ceremony for a Virginia Veteran and his family just miles away from the VAR Headquarters. Bill thanked Sergeant J.P. McGuire and his family for their service to our nation.

RunningBrooke and Rebuilding Together Alexandria Partner with the Department of Recreation, Parks and Cultural...

The Department of Recreation, Parks and Cultural Activities PARKnership program announces a community partnership with RunningBrooke and Rebuilding Together Alexandria to improve Taney Avenue Neighborhood Park. The combined funds and resources from the two Alexandria organizations will be used towards building new preschool-age play spaces, nature paths, native tree plantings, and new site furnishings

SENS. WARNER, KAINE ANNOUNCE NEARLY $7 MILLION TO SUPPORT AFFORDABLE HOUSING DEVELOPMENT IN VIRGINIA

U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) announced today that 18 initiatives led by local financial institutions and non-profits in Virginia will receive $6.6 million from the Federal Home Loan Bank of Atlanta (FHL-Bank Atlanta)’s Affordable Housing Program (AHP) to support affordable housing development in Virginia.

Board Approves Housing Authority Financing to Preserve Affordable Housing in Huntington Area

The Fairfax County Board of Supervisors has approved the Fairfax County Redevelopment and Housing Authority (FCRHA) to make a loan of up to $5.65 million to Christian Relief Services of Virginia (CRSVA) for the acquisition of a 113-unit apartment complex, Huntington Gardens, in the Lee District.

Virginia housing market gains further strength with high-performing second quarter

The Virginia residential real estate market continued year-over-year and long term improvement according to the Second Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Both the total number of sales and the value of transactions rose from the same period last year, to 34,688 units and $11.720 billion, respectively. Volume - the sum of all transactions for April, May, and June of 2016 - was 8.6 percent higher than the same period last year, and more than 20 percent higher than the second quarter of 2014.

2016 Second Quarter Home Sales Report

The Virginia residential real estate market continued year-over-year and long term improvement according to the Second Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Both the total number of sales and the value of transactions rose from the same period last year, to 34,688 units and $11.720 billion, respectively. Volume - the sum of all transactions for April, May, and June of 2016 - was 8.6 percent higher than the same period last year, and more than 20 percent higher than the second quarter of 2014

Governor McAuliffe Announces 10.5 Percent Decrease in Overall Homelessness in Virginia

Governor Terry McAuliffe today announced that overall homelessness in the Commonwealth declined 10.5 percent in 2016 versus 2015, with a 17 percent decrease in family homelessness in the same period. In addition, more than $14.7 million was recently awarded in Virginia Homeless Solutions Program (VHSP) grants to combat homelessness in Virginia. The new preliminary numbers originate from annual point in time data collected by local Continuum of Care groups across Virginia in January each year and compiled by the Virginia Department of Housing and Community Development.

KAINE PRAISES SENATE PASSAGE OF BIPARTISAN HOUSING REFORM BILL

U.S. Senator Tim Kaine announced that the Senate unanimously passed the Housing Opportunity Through Modernization Act, bipartisan housing legislation that would enact broadly supported federal housing reforms. The bill includes provisions from the Family Unification, Preservation and Modernization Act, a bill Kaine introduced late last year to prevent youth homelessness, keep children and families together and meet the needs of youth transitioning out of foster care.

Sens. Warner, Corker Warn FHFA Against Taking Actions Harmful to Housing Finance Reform

U.S. Sens. Mark R. Warner (D-VA) and Bob Corker (R-Tenn.), members of the Senate Banking Committee, were joined by Senate colleagues Mike Crapo (R-Idaho), Heidi Heitkamp (D-N.D.), Dean Heller (R-Nev.), and Jon Tester (D-Mont.) in authoring a bipartisan letter to the director of the Federal Housing Finance Agency (FHFA). The letter encouraged Director Mel Watt to avoid taking steps that may facilitate the release of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac out of conservatorship without comprehensive reform.

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Arlington County Board Approves Redevelopment of Former Bob Peck Site

Ballston project incorporates office buildings, affordable housing, ground-floor retail, townhouses ARLINGTON, Va.– The Arlington County Board today approved a mixed-use project for the last unplanned...

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“Housing Stabilizes Communities and Powers Our Economy” Campaign Kicks Off This...

CHACE (Campaign for Housing and Civic Engagement), a statewide campaign to raise awareness during Virginia’s 2017 election season of housing as the platform for family stability and economic vitality, launched today in coordination with the Housing Week of Action, a nationwide effort sponsored by Our Homes, Our Voices