The Commonwealth remains an example to the nation when it comes to distributing the vast reserve of funds that have come down from the federal government as a part of various COVID-19 aid legislation throughout the crisis. Though Virginia is on the right track regarding housing stability and the health of the housing industry, threats loom on the horizon as we emerge from the COVID-19 pandemic.

VAMA is now accepting nominations for Volunteer Leadership positions on our 2022 VAMA Committees and Board of Directors. Nominations are due by October 15.

VAMA is hosting a session for housing providers on October 26, which will highlight the ‘do’s and don’t’s’ of the Virginia Residential Landlord Tenant Act, go over recent changes to the Virginia Code regarding rental housing, and answer questions regarding the current state of the eviction process in the Commonwealth. The event is FREE and open to the public. VAMA's goal is to educate members and nonmembers alike on these issues in order to promote the highest standards of professionalism in our local industry. Please spread the word!

From now until the end of the year, use code AFFILIATE30 to receive 30% off any course on Visto! Visto is an online learning platform powered by NAA and Grace Hill, offering foundational and advanced training for property management professionals. 

The approval will allow RTS Development to build 254 apartments and 78 townhomes near Forest Lakes. Seventy-five percent of the apartments will be affordable units for 30 years.

The two undeveloped pieces of land are for sale for $30 million and $49 million. The director of Chesterfield County’s economic development office is hoping for a "major midtown development" to come from the sale. 

Lighthouse Point, located near Naval Station Norfolk, recently sold for $4.1 million. The waterfront community has 36 units undergoing renovations. Beamons Mill, a 55-unit townhome community in Suffolk, was also sold $9.15 million.

Thalhimer Realty Partners recently filed plans for an 8-story, 271-unit building on Hull St. The site is currently used as a surface parking lot.

Fountainhead Real Estate Development and WVS Cos have filed plans for a 238,000-square-foot building on E. 3rd St. The building would house over 200 apartments plus townhomes and commercial space. 

Arbor Trace Apartments was sold for $28,175,000 to Hill Property Partners. The 148-unit communty continues to be managed by S.L. Nusbaum Realty Co.