Yearly Archives: 2015

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).

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.

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.

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.

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.

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

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