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Washington, DC - April 4, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ), Chairman of the Housing Subcommittee, Jack Reed (D-RI), Chairman of the Securities Subcommittee, Mark Warner (D-VA), Chairman of the International Trade and Finance Subcommittee and Jeff Merkley (D-OR) today led a group of 30 Senators in calling on Acting Director of the Federal Housing Finance Agency (FHFA) Edward DeMarco to provide Congress with an accurate analysis of the effects on taxpayers of using principal forgiveness versus other mortgage modification options such as principal forbearance for loans backed by Fannie Mae and Freddie Mac.

April 3, 2012 - (RealEstateRama) -- There has never been a better time to purchase a home in West Virginia. The West Virginia Housing Development Fund is providing qualifying families a 30-year fixed rate loan at 3.25%. Down payment and closing cost assistance loans are also available for those who qualify.

NORFOLK, VA - January 25, 2012 - (RealEstateRama) -- Philip Villasis, age 41, and Ray D. Gata, age 56, both of Chesapeake, Va., were indicted by a Norfolk federal grand jury on nine charges including conspiracy to commit wire fraud, wire fraud, and money laundering.

January 3, 2012 - (RealEstateRama) -- Governments shouldn't get involved in property deals that can be handled by the private sector. But sometimes when the interests of developers and the interests of the community conflict, a City has the responsibility to step in to ensure progress toward vital community goals. Fully developed cities with little vacant land, especially, must look to redevelopment opportunities in order to grow their tax base.

NORFOLK, VA - December 29, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development has awarded more than $3.6 million in grants to sustain homeless housing programs in Norfolk and Chesapeake in the first phase of the HUD Homeless Assistance Awards for this year. All of Norfolk and Chesapeake's current Permanent Supportive Housing and Transitional Housing Programs were fully renewed through the competition.

December 28, 2011 - (RealEstateRama) -- World Changers Norfolk is a partnership between the City of Norfolk and a ministry of the North American Mission Board of the Southern Baptist Convention. The program provides exterior home repair opportunities to low and moderate income homeowners at no cost to them. Volunteers come during the summer for one week.

RICHMOND - December 22, 2011 - (RealEstateRama) -- Governor Bob McDonnell today asked the Federal Emergency Management Agency to approve disaster assistance for nine additional localities recovering from the 5.8 magnitude earthquake on Aug. 23 and the more than 50 aftershocks.

NEWPORT NEWS, VA - December 16, 2011 - (RealEstateRama) -- Victoria L. Allen, 57, of Chesapeake, Va., pleaded guilty yesterday to a charge of conspiracy to commit mail and wire fraud, stemming from a mortgage fraud orchestrated by Allen and several other conspirators, including a mortgage broker, title company owner, accountant and local business owner.

December 8, 2011 - (RealEstateRama) -- The Hampton Redevelopment and Housing Authority now owns the Harbor Square Apartments in downtown Hampton and is taking steps to address the most serious problems at the complex.

December 6, 2011 - (RealEstateRama) -- A State and federal initiative will help communities improve the availability of affordable housing for children and their families experiencing homelessness by increasing the provision of rapid re-housing. Rapid re-housing is a proven solution to homelessness for children and their families. It permanently ends homelessness and is often more cost-efficient than current programs.