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VAMA News
Blacksburg: AirBnB to Collect Lodging Tax
Blacksburg may now be able to help you identify any apartments being sub-let outside your lease terms.  AirBnB is set to begin collecting a 7% lodging tax on August 1, 2019.  Ask your local official how they will track with income.
Will Interest Rates Slow Investment in Multifamily?
How will the rise in interest rates effect purchasers of apartments in the coming years?
AIMCO Sues AirBnB in Florida
After a Caliornia judge dismissed a lawsuit filed against AirBnB, a Florida judge denied AirBnB's request for another dismissal.  
Rent Control Update
Nationwide Update on legislative approaches to rent control.  What do you think VAMA's position should be on inclusionary zoning and rent control?
Possible Federal Law to Allow Rent Tax Credits
The Rent Relief Act is being considered by Congress.
Rent Control May Not Control Rent
Are inclusionary zoning policies and rent controls sacrificing the needs of future renters to meet the demands of current homeowners and renters?
Park Properties Employees Earn CAMT at College
Piedmont Virginia Community College completed its first CAMT class with 2 employees of VAMA member Park Properties receiving designations.
How does Your Locality Compare?
The National Low Income Housing Coalition has published the 2018 "Out Of Reach" report which compares income levels to rental housing costs.  
First Atlantic Restoration Inc
Belfor USA
Build Your Skills
Maintenance and Technology
Is technology making your maintenance staff feel innovative or stressed?
Why Isn't Workforce Housing Being Built?
This article summarizes the challenges and barriers to building workforce housing.
Are Parking Space Requirements Becoming Obselete?
Some localities are removing parking requirements all together.  What will the future hold?
Tax Credit Court Ruling
Court upholds discounted buy back of property after Tax Credits expire.
Recycle Right!
Recycling rules are there for a reason. This article does a great job explaining why we must all recycle correctly even if CVWM isn't your recycling service, the information is still valuable.
Calendar Highlights
 
   
Upcoming Events (for branding opportunities, visit www.vamaonline.org)
BRAC 2018 Prestige Award Nominations
HRAC 8/16/18 Everyday Financial Management Seminar
HRAC 8/17/18 Morning Coffee Meeting
BRAC 8/28/18 Mix & Mingle
CVAA 8/30/18 Everyday Financial Management Seminar
RLRAC 8/31/18 - Baseball Networking Event (Salem)
CVAA 9/4/18 Advisory Committee Meeting
HRAC 9/4/18 Advisory Committee Meeting
NRVAC 9/5/18 Advisory Committee Meeting
VRHC 9/6/18 Advisory Committee Meeting
RLRAC 9/6/2018 Advisory Committee Meeting
BRAC 9/11/18 Advisory Committee Meeting
HRAC 9/11/18 Certificate for Apartment Maintenance Tech (CAMT)
BRAC 9/12/18 Annual Golf Tournament
HRAC 9/12/18 Fair Housing Certification
CVAA 9/13/18 Backyard BBQ
Drucker and Falk, LLC
Keyper Systems
Development News
Richmond: More Apartments off Winterpock?
A local developer is requesting rezoning from agricultural to residential to build single family homes and a 288 unit apartment community.
Virginia Beach: New Apartments on Hold Pending More Details
The Virignia Beach Planning Commission delayed a vote regarding a high rise apartment buildig on the oceanfront citing lack of details.  
Richmond: The Collection Sells for $31 Million
An LLC tied to Campus Apartments purchased the 219 unit Collection Midtown portfolio on July 12.
Charlottesville: 45 Apartments Planned for 901 River Road
After a storage facility was not approved during zoning, the owner of 901 River road plans a 45 unit building with studio and one bedroom apartments and a warehouse for auto parts.
Hopewell: New Construction of 68 Apartments
Riverton Apartments will be torn down to be replaced with more than twice the units and will be called Freedman Point.
Chesterfield: 11 Acre, 240 Unit Community Planned
Chesterfield Board of Supervisors approved the plan for the project, currently named Commonwealth Apartments, which is set to begin construction in spring of 2019.
Richmond: Former Hotel Set to Change Hands Again
The former Quality Inn in Richmond's Scott's Addition neighborhood is under contract.  The purchaser has not been officially announced.  Closing is scheduled for December.
Fredericksburg: Southpointe Landing to Become Mini-City
Vakos Development has big plans for this site.  In the past 24 months alone, Spotsylvania has approved 8,207 housing units, according to a Vakos flyer touting Southpoint Landing. So far, 826 units have been completed and are quickly being rented or sold.
Charlottesville: Reduced Parking Requirements for Affordable Housing
Charlottesville City Council approved plans to lessen the parking reequirements at Friendship Village.  Will this pave the way for future affordable housing projects?
Virginia Beach: Mariner's Cove Sells
Seminole Trail Properties purchased the 458 Unit property for $52 Million.