News

SECOND QUARTER HOME SALES SURPASS $10 BILLION IN VIRGINIA
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).
Dialogue Event on the Upcoming 2015 RFP for Fairfax County Affordable Housing Blueprint Funds
The Fairfax County Department of Housing and Community Development (HCD) is preparing to release the 2015 Affordable Housing Blueprint Funding Request for Proposals (RFP) for the development of affordable housing projects in Fairfax County. This opportunity is intended to address the goals and metrics set forth in the Fairfax County FY 2016 Housing Blueprint. This marks the first time Fairfax County will simultaneously release affordable housing funding and federal project-based vouchers for competition.
Warner, Kaine Introduce Comprehensive LGBT Nondiscrimination Bill
U.S. Sens. Mark R. Warner (D-VA) and Tim Kaine (D-VA) today joined 38 of their Senate colleagues and 158 House members to introduce historic, comprehensive federal legislation to ban discrimination against lesbian, gay, bisexual and transgender (LGBT) Americans.
Justice Department Settles Disability-Based Housing Discrimination Lawsuit with West Virginia Developer
The Justice Department announced today that developer Biafora’s Inc. (Biafora) and several affiliated companies have agreed to pay $205,000 and make substantial retrofits to remove accessibility barriers at multifamily apartment complexes. This agreement resolves the United States’ claims that Biafora violated the Fair Housing Act and the Americans with Disabilities Act by building 23 apartment complexes in West Virginia and Pennsylvania with a variety of features that made them inaccessible to persons with disabilities.
Adding a Church to a Planned Residential Building
Third Avenue Investments, LLC won approval from the County Board on Saturday, July 18, for an amendment to a site plan originally approved in 2007 for a mixed-use building at 3001 Jefferson Davis Highway, Potomac Yard Land Bay D-West. The amendment will allow the developer to build a church in the 12-story residential building it plans, instead of much of the groundfloor retail approved in the original site plan.
Warner, Kaine Applaud Federal Recognition of the Pamunkey Tribe
U.S. Senators Mark Warner and Tim Kaine praised the announcement by the Bureau of Indian Affairs (BIA) that the Pamunkey tribe will be granted federal recognition. Since serving as Governors of Virginia, Warner and Kaine have been strong supporters of the Virginia Indian tribes’ efforts to gain federal recognition
Sen. Warner Statement on Fannie & Freddie CEO Pay Raises
U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Banking Committee and Ranking Member of the Banking subcommittee overseeing the secondary mortgage market, released a statement after mortgage finance companies Freddie Mac and Fannie Mae disclosed today that their CEOs will each receive a raise of $3.4 million – bringing their total annual compensation to $4 million, up from $600,000 each of the last two years
Avoid Four Mile Run Stream Water Below South Walter Reed Drive
Arlington County today advised the public to avoid water downstream of Four Mile Run below South Walter Reed Drive because of petroleum product discharge. The spill was reported shortly before 11 a.m. today. Arlington County Fire Department and the Department of Environmental Services are on-scene investigating the source of the contamination and have placed booms to contain released product. The size of the spill has not yet been determined.
Robert Hurt Introduces Legislation to Give Private Property Owners a Voice in Shoreline Management Plan Development
Congressman Robert Hurt (R-Virginia) recently introduced the Supporting Home Owners Rights Enforcement (SHORE) Act, H.R. 2929, along with Congressman G.K. Butterfield (D-North Carolina), Congressman Bob Goodlatte (R-Virginia), Congressman Morgan Griffith (R-Virginia), and Congressman Markwayne Mullin (R-Oklahoma). This legislation would amend the Federal Power Act to ensure that the Federal Energy Regulatory Commission (FERC) considers private property ownership rights when issuing a license or enforcement action over hydro-power projects at Smith Mountain Lake and other similar areas throughout the country.
FAAR Welcomes New Marketing Director
Julie comes to FAAR with previous real estate experience as a licensed agent selling new homes and a REALTOR® with 1st Choice Better Homes and Land. In addition, she has significant marketing experience from her positions with local nursing homes.