Snapshot

Virginia Apartment Management Association

VAMA News
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.

Visit https://www.roanoke.com/news/local/blacksburg/airbnb-to-collect-lodging-tax-in-blacksburg/article_eed36387-124c-5325-8145-4d0d3dd8228e.html to view the full article online.

 
After a Caliornia judge dismissed a lawsuit filed against AirBnB, a Florida judge denied AirBnB's request for another dismissal.  

Visit https://www.bloomberg.com/news/articles/2018-07-11/airbnb-can-t-dodge-aimco-s-illegal-sublease-claims-in-miami to view the full article online.

 
Nationwide Update on legislative approaches to rent control.  What do you think VAMA's position should be on inclusionary zoning and rent control?

Visit https://www.naahq.org/news-publications/rent-control-nationwide-legislative-update?utm_source=Pardot&utm_medium=Email&utm_campaign=Apartment-Advocate to view the full article online.

 
The Rent Relief Act is being considered by Congress.

Visit https://www.curbed.com/2018/7/20/17595698/rent-relief-act-tax-credit-kamala-harris to view the full article online.

 
Are inclusionary zoning policies and rent controls sacrificing the needs of future renters to meet the demands of current homeowners and renters?

Visit https://www.sfchronicle.com/opinion/article/Rent-control-and-inclusionary-housing-policies-13093063.php to view the full article online.

 
Piedmont Virginia Community College completed its first CAMT class with 2 employees of VAMA member Park Properties receiving designations.

Visit https://augustafreepress.com/park-properties-management-company-members-receive-camt-designation-at-pvcc/ to view the full article online.

 
The National Low Income Housing Coalition has published the 2018 "Out Of Reach" report which compares income levels to rental housing costs.  

Visit http://nlihc.org/oor/virginia to view the full article online.

 
First Atlantic Restoration Inc
Belfor USA
Build Your Skills
This article summarizes the challenges and barriers to building workforce housing.

Visit https://www.nreionline.com/multifamily/workforce-housing-dying-breed-today-s-multifamily-development-landscape to view the full article online.

 
Some localities are removing parking requirements all together.  What will the future hold?

Visit https://urbanland.uli.org/economy-markets-trends/toward-zero-parking-challenging-conventional-wisdom-multifamily-developments/ to view the full article online.

 
Court upholds discounted buy back of property after Tax Credits expire.

Visit http://www.cambridgeday.com/2018/06/21/closely-watched-ruling-on-affordable-housing-goes-against-investors-fighting-return-of-units/ to view the full article online.

 
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.

Visit https://www.henricocitizen.com/articles/cvwma-urges-citizens-to-recycle-right/ to view the full article online.

 
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Drucker and Falk, LLC
Keyper Systems
Development News
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.

Visit http://cvilletomorrow.org/news/article/31130-apartment-complex-warehouse-planned-for-river-road/?utm_source=BizSense+Backup&utm_campaign=e9bd973b5e-EMAIL_CAMPAIGN_2018_07_24_02_46_COPY_01&utm_medium=email&utm_term=0_916386f49f-e9bd973b5e-148081777 to view the full article online.

 
Riverton Apartments will be torn down to be replaced with more than twice the units and will be called Freedman Point.

Visit http://www.progress-index.com/news/20180706/coming-soon-freedman-point-apartments to view the full article online.

 
Chesterfield Board of Supervisors approved the plan for the project, currently named Commonwealth Apartments, which is set to begin construction in spring of 2019.

Visit https://richmondbizsense.com/2018/07/30/30m-apartment-development-slated-brandermill-area/?utm_source=BizSense+Backup&utm_campaign=8bc989ba3e-EMAIL_CAMPAIGN_2018_07_30_02_25_COPY_01&utm_medium=email&utm_term=0_916386f49f-8bc989ba3e-148081777 to view the full article online.

 
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.

Visit https://richmondbizsense.com/2018/07/31/sources-salomonsky-buying-better-housings-scotts-addition-hotel/?utm_source=BizSense+Backup&utm_campaign=b8d4c1ecfa-EMAIL_CAMPAIGN_2018_07_31_01_31_COPY_01&utm_medium=email&utm_term=0_916386f49f-b8d4c1ecfa-148081777 to view the full article online.

 
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.

Visit https://www.fredericksburg.com/business/local_business/vakos-developing-mini-city-at-southpoint-landing-in-massaponax-area/article_80a97a66-8537-525d-a2da-18c4a39d1543.html to view the full article online.

 
Charlottesville City Council approved plans to lessen the parking reequirements at Friendship Village.  Will this pave the way for future affordable housing projects?

Visit https://www.cvilletomorrow.org/news/article/30965-planning-commission-approves-parking-amendment-for/ to view the full article online.

 
Seminole Trail Properties purchased the 458 Unit property for $52 Million.

Visit https://www.multihousingnews.com/post/value-add-virginia-beach-property-trades-for-52m/ 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