Virginia RealEstateRama

The Arlington County Board today indicated it will not raise property tax rates for Calendar Year 2015 when it adopts the Fiscal Year 2016 Budget on Tuesday, April 21. All five Board members indicated during the final budget work session that they will vote for no tax rate increase.

U.S. Sens. Dean Heller (R-NV) and Mark Warner (D-VA), both members of the Senate Committee on Finance in addition to the Senate Banking, Housing, & Urban Affairs Committee, released the following statements after introducing the National Credit Union Administration (NCUA) Budget Transparency Act earlier today

Cosentino, an international producer of quartz and other stone surfaces used in homes and businesses worldwide, is expanding its multi-million dollar distribution center in Hampton.

The Fairfax County Board of Supervisors has approved loans totaling up to $3,490,000 from the Fairfax County Redevelopment and Housing Authority (FCRHA) to Cumberland Court Apartments, LLC

In an effort to spur substantive and structural housing finance reform, U.S. Senators Bob Corker and Mark Warner today offered a component of the Jumpstart GSE Reform Act as an amendment to S.Con.Res.11, the fiscal year 2016 budget resolution.

The Board reviewed the drafts, which outline affordable housing goals, objectives, policies and tools to meet the community’s shifting needs, in a March 23 work session with the County Manager and the Affordable Housing Study Working Group.

Senators Mark Warner and Tim Kaine along with 19 other Senators sent a letter calling on the Senate Appropriations Committee to support robust investment for a Safe Transportation of Energy Products program to address increasing safety concerns related to the transportation of Bakken crude and other energy products.

Virginia’s Housing Policy Advisory Council held its first meeting on Wednesday to address important housing issues facing the Commonwealth.

The Virginia Department of Housing and Community Development announced today the Virginia Main Street Program Milestone Achievement Awards to designated Virginia Main Street communities. The awards were presented at a dinner in Richmond that also celebrated the 30th anniversary of the Virginia program.

Arlington’s nearly three-year effort to shape a vision for affordable housing and meet the challenge posed to our community’s diversity by rising housing prices and a dwindling supply of market rate affordable housing has reached a major milestone