Archives

RICHMOND, VA - July 28, 2009 - (RealEstateRama) -- Stacy Lynn Chamberlain, age 42, of Unionville, Virginia, was arrested today on charges mortgage fraud on a federally insured bank and wire fraud on several mortgage companies and investors therein.

WASHINGTON DC - July 29, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today awarded $44,247,749 to jump start affordable housing programs in Virginia that are currently stalled due to the current economic recession. Funded through American Recovery and Reinvestment Act of 2009 (Recovery Act), HUD's new Tax Credit Assistance Program (TCAP) will allow the Virginia Housing Development Authority to resume funding of affordable rental housing projects across the state while stimulating employment in the construction trades.

Washington, DC - July 28, 2009 - (RealEstateRama) -- Congressman Glenn Nye (VA-02) wants Congress to increase funding for a program that provides housing assistance to the families of wounded troops.

ALEXANDRIA, VA - July 27, 2009 - (RealEstateRama) -- Richard A. Forde, also known as Euburn Richard Forde, age 51, formerly of Great Falls, Va., was sentenced today to 42 months in prison for his role in a mortgage fraud scheme from approximately December 2001 to January 2004.

Washington, DC - July 23, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced the City of Hampton, Virginia will receive more than $1.8 million to support community development and produce more affordable housing.

Norfolk, VA - July 13, 2009 - (RealEstateRama) -- Norfolk Redevelopment and Housing Authority (NRHA) has over $7 million in low interest mortgage financing available for first-time buyers up to 120% of Area Median Income (AMI) provided through the HomeNet Homeownership Center.

RICHMOND, VA - July 07, 2009 - (RealEstateRama) – Governor Timothy M. Kaine today announced $14,134,490 in federal funding for 22 community development projects through the Virginia Community Development Block Grant (VCDBG) program. The grants, which will fund a variety of projects – from housing revitalization to water and sewer infrastructure, to broadband and economic and downtown revitalization – are expected to benefit 3,790 Virginians, of which 2,899 are low-to-moderate income.

RICHMOND, VA - June 19, 2009 - (RealEstateRama) - One of the biggest obstacles facing first-time homebuyers is gathering the funds for the down payment and closing costs. To help prospective homebuyers meet this challenge, the Virginia Housing Development Authority has designed a new loan program – Homebuyer Tax Credit plus.

ARLINGTON, VA. - June 16, 2009 - (RealEstateRama) — The Arlington County Board today approved a plan to preserve 140 historic units at Buckingham Village 3 as affordable apartments and condominiums.

Leesburg, VA - June 15, 2009 - (RealEstateRama) - From more than 2,500 nominated projects, the new Loudoun County Homeless Shelter has been selected as a Green Building of America Award-winning project and will be featured in the magazine Real Estate and Construction Review - Green Success Stories Edition.