Snapshot

Virginia Apartment Management Association

VAMA News
Today, April 11, 2018, marks the 50th anniversary of the signing of the Federal Fair Housing Act.  Precipitated by the assassination of Dr. Martin Luther King, Jr., Congress took action to provide housing equally for all US residents with no regard for race.  Check out the link below and watch the speech by President Lyndon B. Johnson.

Visit https://www.youtube.com/watch?v=Id7-D9hH4pY to view the full article online.

 
 
   
Over 900 people attended the ACE awards in Norfolk in March.  Congratulations to all nominees and winners.  Competition promotes excellence!

 

 

Visit http://www.naylornetwork.com/vam-nwl/pdf/2018_ACE_Awards_Winners.pdf to view the full article online.

 
This Forbes article outlines the important connection between housing supplies and housing prices.  Look to Tokyo for answers to the housing crunch in many US cities.

Visit https://www.bloomberg.com/view/articles/2018-03-14/california-affordable-housing-is-no-mystery-just-build-more to view the full article online.

 
The new budget deal restored some funding and in general will give a boost to the LIHTC program.

Visit https://www.americanbanker.com/news/low-income-housing-tax-credit-gets-boost-from-spending-bill to view the full article online.

 
 
   
VRHC hosted a Morning Motivator on April 4th and our guest speaker was Mike Davis, Executive Advisor to the President at JMU. Mike offered updates regarding JMU's future plans for growth as well as answered questions regarding student affairs and relations with the housing industry.

Visit https://www.naylornetwork.com/vam-nwl/articles/index-v2.asp?aid=497383&issueID=58020 to view the full article online.

 
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These are 7 traits of highly effective maintenance staff.

Visit https://www.multifamilyinsiders.com/multifamily-blogs/the-7-habits-of-highly-successful-maintenance-supervisors to view the full article online.

 
A policy can be taken out by a landlord on his or her tenants. If a tenant loses a job or becomes disabled, the policy will cover one to three months of rent.

Visit http://isthmus.com/news/news/renter-safetynet-offers-protection-to-property-owners-and-tenants/ to view the full article online.

 
Calendar Highlights
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Great Maintenance = Easy Renewals!  Invest in your Maintenance Team and Increase your NOI!


BRAC 4/18/18 Certified Pool Operator (CPO) Course
HRAC 4/25/18 Certified Pool Operator (CPO)
CVAA 4/30/18 Maintenance Mania MAKEUP DATE!
BRAC 5/22/18 Mini Con (VRLTA, Luncheon & Trade Show)
CVAA 5/22/18 Fair Housing Certification
HRAC 6/7/18 Fair Housing Certification
VRHC 6/8/18 Fair Housing Certification
CVAA 10/11/18 Mini Con Trade Show & Seminar Series
NRVAC 10/25/18 Trade Show & Maintenance Seminar

Visit http://www.vamaonline.org/events/event_list.asp?DGPCrSrt=&DGPCrPg=1 to view the full article online.

 
The laws change on July 1, 2018 - Are you Prepared? 

Acquiring a real understanding of the Virginia Residential Landlord and Tenant Act (VRLTA) while keeping abreast of court decisions is essential if you wish to gain a return on investment in the apartment industry. Failure to be prepared for these changes could end up costing you big time, causing you to lose in court and your community to lose value.

Visit https://www.naylornetwork.com/vam-nwl/articles/index-v2.asp?aid=497381&issueID=58020 to view the full article online.

 
 
   
Join the Blue Ridge Apartment Council for their 2018 Mini Conference on May 22, 2018! This is your one-stop shop for important education, updates and valuable networking! This event will take place along with our annual VRLTA seminar followed by a Membership Luncheon featuring Legislative Updates and Elected Officials as our guest speakers. We will end the day with our annual Trade Show, including lots of giveaways!

Visit http://www.vamaonline.org/events/EventDetails.aspx?id=1065699&group= to view the full article online.

 
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Development News
A $90 Million community has been approved for Watkins Centre Parkway and nearly 2,100 units have either been approved or are in planning stages within 1.5 miles of the future Watkins Centre Apartments.

Visit https://richmondbizsense.com/2018/03/19/90m-apartments-anchor-watkins-centre-project/?utm_source=BizSense+Backup&utm_campaign=b0005f7af7-EMAIL_CAMPAIGN_2018_03_16&utm_medium=email&utm_term=0_916386f49f-b0005f7af7-148081777 to view the full article online.

 
The Roanoke Planning Commission approved a requested zoning change for the American Viscose Plant to be turned into a mixed use apartment building.  Roanoke City Council will also have to approve the change before construction can begin.

Visit http://www.wdbj7.com/content/news/Roanoke-Planning-Commission-approves-zoning-changes-for-planned-mixed-use-apartments-476597123.html to view the full article online.

 
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The Virginia Apartment Management Association
An Affiliate of the National Apartment Association
2812 Emerywood Parkway, Suite 231, Richmond, VA 23294

Phone: (804) 756-VAMA
info@vamaonline.org