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NAA writes an editorial to address accusations of racism in eviction policies.
Visit https://www.washingtonpost.com/opinions/apartment-owneroperators-are-working-to-reduce-evictions/2018/11/18/9a4a7ec2-e91f-11e8-8449-1ff263609a31_story.html?utm_term=.4d1988c6ce02 to view the full article online. |
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The sub-work group on evictions under the Virginia Housing Commission has been meeting and working all summer to develop a list of bills for consideration by the General Assembly. The work group is finalizing recommendations to present to the full Housing Commission in December.
Visit https://www.virginiamercury.com/2018/11/13/landlords-and-tenant-advocates-agree-on-broad-strokes-of-eviction-diversion-program/ to view the full article online. |
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Senator Kaine has sponsored a bill entitled the "Fair Housing Improvement Act of 2018" which seeks to add those receiving Section 8 Housing Choice Voucher holders as a protected class under the Fair Housing Act.
Visit https://augustafreepress.com/kaine-hatch-bill-would-protect-veterans-low-income-families-from-housing-discrimination/ to view the full article online. |
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Proposition 10 in CA was not passed by voters. More than $100 million was spent advertising the issue.
Visit https://www.lataco.com/why-prop-10-failed/ to view the full article online. |
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Leaders in New River Valley plan to use the information gathered from the housing study and survey to develop a housing plan for the future.
Visit https://www.roanoke.com/news/local/blacksburg/new-river-valley-leaders-look-to-add-data-to-housing/article_7122ab41-fe1b-5b60-b7d6-b95df5a98650.html to view the full article online. |
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If your locality denied your project even though it meets currently zoning standars would your company sue? One developer in Michigan did.
Visit https://www.mlive.com/news/ann-arbor/index.ssf/2018/11/ann_arbor_facing_lawsuit_from.html to view the full article online. |
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Montgomery County sent out quadrennial reassessment notices and reported that multi-family property values rose between 4 percent and 21 percent.
Visit https://www.roanoke.com/news/local/montgomery_county/montgomery-county-property-owners-likely-to-see-value-increase/article_a8d03e82-d7ae-52eb-b50c-532284a510a4.html to view the full article online. |
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Fannie Mae has set aside millions for LIHTC financing in underserved rural areas. The funds will be through LIHTC syndicators Cinnaire, Ohio Capital Corporation for Housing (OCCH), and Midwest Housing Equity Group (MHEG).
Visit https://www.housingfinance.com/news/fannie-mae-invests-145-million-in-lihtc-funds_o to view the full article online. |
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More than 8,700 economically diverse zones were identified by Treasury, and the IRS offers substantial tax incentives for investing in these zones. Are you ready to take advantage of these opportunities?
Visit https://www.forbes.com/sites/stevenrosenthal/2018/10/23/irs-proposes-generous-rules-for-opportunity-zone-investors-but-what-will-they-mean-for-communities/#4ef937097ff1 to view the full article online. |
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One of the first projects to utilize the newly passed Income Averaging change to the Federal LIHTC program is beginning in California.
Visit https://www.housingfinance.com/finance/california-deal-utilizes-income-averaging-option_o to view the full article online. |
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The IRS issued a reminder that LIHTC communities can provide temporary emergency housing to people displaced from their principal residences by a major disaster, regardless of income.
Visit https://www.novoco.com/news/irs-reminds-lihtc-owners-emergency-temporary-housing-option to view the full article online. |
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Here are five tips for owners to support their managers.
Visit https://www.naahq.org/news-publications/5-things-managers-owners-successful?utm_source=Pardot&utm_medium=Email&utm_campaign=Industry-Insider to view the full article online. |
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VAMA is pleased to announce the winners from VRHC’s 2018 Valley APEX Awards!
Visit https://www.naylornetwork.com/vam-nwl/pdf/vrhc_102518_apexwinnersnews.pdf to view the full article online. |
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A six-story and 118-unit building is planned for Scott's Addition. The development would include five stories of apartments above a mix of parking and commercial space fronting West Marshall Street.
Visit https://richmondbizsense.com/2018/10/24/six-story-development-nest-across-lunch-supper/?utm_source=BizSense+Backup&utm_campaign=72d314365a-EMAIL_CAMPAIGN_2018_10_25_03_20_COPY_01&utm_medium=email&utm_term=0_916386f49f-72d314365a-148081777 to view the full article online. |
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Richmond Redevelopment Housing Authority is reconsidering tearing down Creighton Court due to high construction costs. An estimated $250,000 per unit cost is spurring the Housing Authority to look into rehabilitating rather than reconstruction.
Visit http://richmondfreepress.com/news/2018/nov/01/rrha-reconsidering-plan-demolish-creighton-court/ to view the full article online. |
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Part of the newly endorsed Coliseum rebuild are 680 income-based units. Richmond's mayor has endorsed the plan. The City Council will need to approve it as well. The project is financed through private equity and TIF bonds.
Visit https://richmondbizsense.com/2018/11/05/1-4b-coliseum-redevelopment-plan-receives-mayors-support-now-goes-city-council/?utm_source=BizSense+Backup&utm_campaign=ee318d176e-EMAIL_CAMPAIGN_2018_11_06_12_39_COPY_01&utm_medium=email&utm_term=0_916386f49f-ee318 to view the full article online. |
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Copper Mill Apartments has sold for $171,875 per unit to a California Investment company.
Visit https://richmondbizsense.com/2018/11/01/30-year-old-henrico-apartments-fetch-33m/?utm_source=BizSense+Backup&utm_campaign=22e8b9ac53-EMAIL_CAMPAIGN_2018_11_02_12_09_COPY_01&utm_medium=email&utm_term=0_916386f49f-22e8b9ac53-148081777 to view the full article online. |
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Part of the overall reform of the Creighton Court corridor has begun construction. The Church Hill North project should provide 1,500 income-based units by 2023.
Visit https://richmondbizsense.com/2018/10/31/construction-starts-church-hill-north-development/?utm_source=BizSense+Backup&utm_campaign=0fbb31318c-EMAIL_CAMPAIGN_2018_10_31_11_30_COPY_01&utm_medium=email&utm_term=0_916386f49f-0fbb31318c-148081777 to view the full article online. |
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A Virginia Beach Developer seeks to build apartments on the site of a scrap yard in Northside.
Visit https://richmondbizsense.com/2018/10/12/developer-seeks-build-apartments-former-northside-scrapyard/?utm_source=BizSense+Backup&utm_campaign=118ffbaf74-EMAIL_CAMPAIGN_2018_10_12_01_42_COPY_01&utm_medium=email&utm_term=0_916386f49f-118ffbaf74-148081777 to view the full article online. |
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Apartments near Stony Point Fashion Park sold for $62 million on November 1.
Visit https://richmondbizsense.com/2018/11/07/new-stony-point-apartments-sell-62m/?utm_source=BizSense+Backup&utm_campaign=d0fe0a628f-EMAIL_CAMPAIGN_2018_11_09_01_09_COPY_01&utm_medium=email&utm_term=0_916386f49f-d0fe0a628f-148081777 to view the full article online. |
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Changes to the plans for the second phase of apartments near Innsbrook have been published. Phase 1 has not yet begun construction.
Visit https://richmondbizsense.com/2018/11/14/updated-plans-filed-next-leg-innsbrook-apartments/?utm_source=BizSense+Backup&utm_campaign=5b6d4077e5-EMAIL_CAMPAIGN_2017_09_28_COPY_01&utm_medium=email&utm_term=0_916386f49f-5b6d4077e5-148081777 to view the full article online. |
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Higher density and a high-rise of 266 apartments are planned on the oceanfront. Many of the city leaders who were reluctant or even opposed to the city's first beachfront high-rise apartment tower on 27th Street have reversed course as the City Council prepares to vote on it Tuesday.
Visit https://pilotonline.com/business/real-estate/article_c4af9508-d7d1-11e8-8339-7bafdd5f9f08.html?utm_source=BizSense+Backup&utm_campaign=3c121d2eff-EMAIL_CAMPAIGN_2018_11_13_01_00_COPY_01&utm_medium=email&utm_term=0_916386f49f-3c121d2eff-148081777 to view the full article online. |