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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.
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Virginia Residential Real Estate Market Shows Moderate Decline in Early Third Quarter

According to the July 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR), residential real estate sales have slowed from this point last year. Following historical industry trend, July sales descended seasonally from their June peak. Despite a moderate decline in pace and volume for July, year-to-date measures have outperformed 2015. Volume through the end of July 2016 exceeded $22.071 billion, a gain of 5.1 percent from last year’s accumulation of $20.992 billion.

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.

HUD ANNOUNCES AGREEMENT WITH CITY OF RICHMOND, VIRGINIA TO RESOLVE DISCRIMINATION COMPLAINTS

The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved an agreement with the City of Richmond, Virginia, settling 14 complaints of housing discrimination filed against the City by Hispanic residents. The complaints alleged that the City of Richmond selectively enforced its code requirements against residents of the City’s mobile home parks, who are predominantly Hispanic.

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.

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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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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.