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VAMA News
Where a Resident's Rent Really Goes
  
Are you exhausted from explaining to the public (and sometimes family and friends) that "landlords"  aka, community managers, have bills and overhead just like everyone else?  If so, you will love using this infographic to prove that apartment communities are just like every other business and that community managers are people too.  NAA has detailed where a dollar of rent actually goes and here's a spoiler - 14% of a property's budget goes straight to property taxes.
 
4 New VAMA Staff Members
  
Did you know VAMA has 9 Full-Time Staff members now?  Meet the new VAMA staff supporting Patrick, Teresa, Amanda, Kathy and Chrissy.
 
 
Tommy Herbert:  VAMA Government Affairs Manager
Charla Johnson:  VAMA Office Coordinator and Account Support
Meghan Grey:  VAMA Program and Membership Coordinator (NRVAC, RLRAC and VRHC)
Juanisha Evans-Wilson:  VAMA Program and Membership Coordinator (HRAC)
 
Affordable Housing Often Blocked by Elected Officials
The Eastern Shore hosted a meeting to discuss the lack of affordable housing.  Developers site specific circumstances where crucial projects were defeated by elected officials because of NIMBY comments.  
 
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A1 Asphalt has the equipment and the experienced crews to complete your paving project with minimal disruption to your tenants. We service properties statewide and specialize in:
 
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- Parking lot resurfacing and repairs
- Crack fill, sealing, re-striping and signage
 
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Please call today for a professional onsite evaluation and paving needs
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First Atlantic Restoration Inc
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Covid-19 Resources All in One Place
VAMA has consolidated the Covid-19 resources on its website.  Stay up to date and informed.
Calendar Highlights
 
   
VAMA Events and Education Calendar
CVAA 4/15/20 2020 Legislative Recap
HRAC 4/15/20 Virtual Town Hall: Virtual Resident Engagement
VAMA 4/16/20 Speedy Sessions: Maximizing Leads in Today’s Market
NRVAC 4/17/20 Virtual Mix'n'Mingle
CVAA 4/21/20 Supplier Sip-N-Share
VAMA 4/23/20 Virtual Fair Housing Certification Class
BRAC 4/24/20 2020 Legislative Recap
VAMA 4/24/20 Speedy Sessions: Creating, Utilizing and Closing Virtual Tours
NRVAC 4/28/20 2020 Legislative Recap
BRAC 4/28/2020 Supplier Sip-N-Share
RLRAC 4/30/20 2020 Legislative Recap
VRHC 5/8/20 2020 Legislative Recap
VAMA Governance Meetings
BRAC 4/16/20 Interim Advisory Committee Meeting
VAMA 4/22/20 Board of Directors Meeting
HRAC 4/29/20 Events & Education Committee Meeting
CVAA 5/5/20 Supplier Council Meeting
HRAC 5/5/20 Advisory Committee Meeting
CVAA 5/5/20 Advisory Committee Meeting
CVAA 5/6/20 Events and Education Committee Meeting
NRVAC 5/6/20 Advisory Committee Meeting
VRHC 5/7/20 Advisory Committee Meeting
RLRAC 5/7/20 Advisory Committee Meeting
BRAC 5/12/20 Advisory Committee Meeting
CVAA 5/13/20 Events and Education Committee Meeting
Drucker and Falk, LLC
Naylor Association Solutions
Development News
Newport News: $40K per Apartment Renovation Planned
The Woodlands at Oyster Point has been purchased and new owners plan a major renovation.
Richmond: Another Tall Building in Scott's Addition
The "Soda Flats" plans call for 67 one bedroom apartments and 6 two-bedroom apartments with retail on the ground floor of a 7-story building.
Blacksburg: 424 Units in Development
Sturbridge Square Apartments to be redeveloped into 424 units in 6 buildings.
Chesterfield: New Online Development Submission Process
Chesterfield County had been interested in an online development plan submission process prior to the outbreak of Covid-19.  The pandemic sped up the timeline and now developers can submit plans via email.  Is your locality using technology to restore services?
Fredericksburg: Community Sells for Over $150K per Unit
Southpoint Reserve at Stoney Creek, a 156-unit apartment community in Fredericksburg sold for $23.5 Million.
Richmond: Fulton Hill Project Moves Forward
A key piece of land sold, which clears the way for development of 535 apartments near Rocketts Landing.
Henrico: 5-Story Building Planned
A 5-story building is planned for the intersection of Maywill and Thalbro Streets in Henrico.  Construction is expected to begin in June.
Richmond: 200 Additional Apartments at Rocketts Landing
Plans were filed for additional one- and two-bedroom apartments this week.  A six-story, mixed-use building is proposed.
Chesterfield: 2 New Communities Planned
Chesterfield Board of Supervisors designated certain parts of Jefferson Davis Highway as "revitalization areas" in order to help developers secure financing for apartment construction which is sorely needed in the area.
Richmond: $7 Million Funding for 80 Apartments
Scott's Addition will be home to another apartment building - 80 units, 5 stories and developed by a Richmond-based company.
Chesterfield: $40 Million Project
Named "Artistry at Winterfield", this project is well underway and plans call for one- and two-bedroom apartments.