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Justice Department Announces Disabled Access Settlement with Developers of Woodbridge, Virginia, Apartment Complex

WASHINGTON, VA - July 31, 2009 - (RealEstateRama) -- The Justice Department today announced a settlement that, pending court approval, will resolve allegations that those involved in the design and construction of the Summerland Heights Apartments, a 318-unit apartment complex in Woodbridge, Va., discriminated on the basis of disability in the design and construction of the project.

Mortgage Executive Turns Herself in on Mortgage and Wire Fraud Charges

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.

Donovan awards $44,247,749 to jump-start affordable housing construction in Virginia

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.

Nye Authors Amendment to Support Families of Wounded Warriors

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.

Virginia Man Sentenced 42 Months for Mortgage Fraud Scheme

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.

HUD announces $1,876,898 million for affordable housing and community development in Hampton, Virginia

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.

$7 million available to first-time homebuyers through local agency

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.

Governor Kaine Announces More Than $14 Million in Community Development Block Grant Funding

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.

VHDA Launches Homebuyer Tax Credit Plus Loan Program

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 County Approves 140 Affordable Housing Units for Buckingham Village

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.

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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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Merchants Tire Chesapeake VA

The Boulder Group Arranges Sale of Single Tenant Net Leased Merchant’s...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Merchant’s Tire property located at 215 Hillcrest Parkway in Chesapeake, Virginia for $3,150,000