Virginia Housing Development Authority

Advantage Capital Finances Affordable Housing Development in Rural Virginia

Retrieved on: 
Tuesday, December 5, 2023
Construction & Property, Finance, Urban Planning, Public Policy, Government, Professional Services, Socially Responsible Investing, State, Local, Asset Management, Residential Building & Real Estate, Virginia House of Delegates, Policy, Organization, Investment, Associate, Delegate, Virginia House, AMI, Capital, Virginia Housing Development Authority, Rehabilitation, Veteran, Housing, HOTC, Business, Renewable energy

“The legislation to increase access to affordable homes for Virginians is an incredibly important and impactful policy,” said Delegate Tommy Wright, Virginia House of Delegates.

Key Points: 
  • “The legislation to increase access to affordable homes for Virginians is an incredibly important and impactful policy,” said Delegate Tommy Wright, Virginia House of Delegates.
  • “We have invested in affordable housing developments across the country, supporting more than 9,000 housing units for low-income families and are particularly excited about making our first investment in Virginia under the HOTC program,” said William Fiederlein, Vice President at Advantage Capital and Business Development lead in Virginia.
  • “Work is well underway to do what we do best – funnel flexible investment capital to the people and places that need it most.”
    Partnering with Gateway Development Associates and NFP Affordable Housing Corp. to develop the project, Advantage Capital will help finance the rehabilitation of Mecklenburg Manor, a 51-unit property in South Hill, Virginia, a rural town 80 miles south of Richmond.
  • Advantage Capital participates in state and federal tax credit programs to help finance housing developments and increase access to safe, high-quality, and affordable homes for low-income families, veterans, public service workers, and other vulnerable populations in America.

Virginia Governor's Housing Conference to kick off on Wednesday in Hampton

Retrieved on: 
Monday, November 13, 2023
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HAMPTON, Va., Nov. 13, 2023 /PRNewswire/ -- 

Key Points: 
  • Youngkin to speak at the VAGHC Housing Awards Luncheon on Nov. 16 ~
    WHAT: The 2023 Virginia Governor's Housing Conference will kick off on Wednesday, Nov. 15 at the Hampton Roads Convention Center in Hampton, Virginia.
  • The three-day conference is the largest and most comprehensive housing and community development event of the year in Virginia.
  • Governor Youngkin will speak at the beginning of the Virginia Governor's Housing Conference Housing Awards Luncheon.
  • WHERE: Hampton Roads Convention Center | 1610 Coliseum Drive, Hampton, Virginia 2366
    View original content to download multimedia: https://www.prnewswire.com/news-releases/virginia-governors-housing-conf...

Novogradac Recognizes Excellence in Affordable Housing with 2023 Developments of Distinction Awards

Retrieved on: 
Wednesday, July 5, 2023
Titles of distinction awarded by the University of Oxford, Housing, Community Builders Group, HUD, Sale, Capital One, Virginia Housing Development Authority, SAN, Metropolitan, AMI, Wright Family Houses, Conference, Property management, LIHTC

SAN FRANCISCO, July 5, 2023 /PRNewswire-PRWeb/ -- Three properties in Virginia and one apiece in California and Colorado have been named winners of the Novogradac Journal of Tax Credits Developments of Distinction Awards for 2023.

Key Points: 
  • SAN FRANCISCO, July 5, 2023 /PRNewswire-PRWeb/ -- Three properties in Virginia and one apiece in California and Colorado have been named winners of the Novogradac Journal of Tax Credits Developments of Distinction Awards for 2023.
  • The awards go to participants who strive for excellence in affordable housing.
  • Winners will be honored at the Novogradac 2023 Housing Tax Credit and Bonds Conference , Sept. 28-29 in New Orleans.
  • "The need for affordable housing is great everywhere and these are five developments that demonstrate what is possible."

Walker & Dunlop Secures $47 Million FHA Loan for Market-to-Affordable Conversion of VA Multifamily Property

Retrieved on: 
Tuesday, June 13, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Urban Planning, Banking, Well, Workforce, Walker & Dunlop, Housing, Community centre, Fannie Mae, Rehabilitation, HUD, Virginia Housing Development Authority, Community, FHA, AMI, Freddie Mac, LIHTC, AEGON, Federation, Insurance, Renewable energy

Walker & Dunlop, Inc. announced today that it secured a $46.6 million loan for Park Shirlington, an existing 294-unit multifamily property in Arlington, Virginia.

Key Points: 
  • Walker & Dunlop, Inc. announced today that it secured a $46.6 million loan for Park Shirlington, an existing 294-unit multifamily property in Arlington, Virginia.
  • Walker & Dunlop’s Federal Housing Administration (FHA) team, led by Chris Rumul , arranged the loan through the U.S Housing and Urban Development’s (HUD) 221(d)(4) Substantial Rehabilitation Affordable Low Income Housing Tax Credit (LIHTC) program on behalf of Standard Communities.
  • A market-to-affordable conversion, Park Shirlington was previously financed via Walker & Dunlop’s interim loan program as the conversion to long-term affordability process unfolded.
  • “The availability of affordable housing is an issue of national concern,” said Chris Rumul, senior managing director of FHA Finance at Walker & Dunlop.

Matt Sugg Joins WPM Real Estate Management as Regional Director of Business Development for MidSouth Region

Retrieved on: 
Tuesday, May 9, 2023
Sugg, PRG, Certification, Business development, Senior, Institute of Real Estate Management, Urban Land Institute, Certified Property Manager, Greystar Real Estate Partners, CAM, Property, National Apartment Association, VHDA, IREM, CAPS, Marketing, RTÉ Executive Board, Virginia Housing Development Authority, Tax credit, Convention (norm), Region, WPM, Property management, Commercial property, Science, Virginia Tech, Mid-South

OWINGS MILLS, Md., May 9, 2023 /PRNewswire-PRWeb/ -- WPM Real Estate Management is pleased to announce that Matt Sugg has joined the company as Regional Director of Business Development for its MidSouth Region. Sugg brings 17 years of industry experience, including work with Conventional Value-Add, Luxury Class A Lease-ups, Tax Credit, Virginia Housing Development Authority (VHDA), and Senior Living assets. In this new role, Sugg will be responsible for growing WPM's presence in the MidSouth region as well as overseeing daily operations of multifamily property management for WPM's Virginia properties. He will be based out of WPM's satellite office in Richmond, Va.

Key Points: 
  • WPM Real Estate Management is pleased to announce that Matt Sugg has joined the company as Regional Director of Business Development for its MidSouth Region.
  • OWINGS MILLS, Md., May 9, 2023 /PRNewswire-PRWeb/ -- WPM Real Estate Management is pleased to announce that Matt Sugg has joined the company as Regional Director of Business Development for its MidSouth Region.
  • He will be based out of WPM's satellite office in Richmond, Va.
    "We continue to expand our geographic footprint across the MidSouth," says Melissa Gambuto, President of WPM Multifamily Real Estate.
  • Sugg holds the Certified Property Manager (CPM®) designation from the Institute of Real Estate Management (IREM) and is active with IREM Chapter 38 and the Virginia Apartment Management Association (VAMA).

Oracle City Aims to Spark the Flames of Innovation in Underserved Virginia Communities Through STEM Engagement

Retrieved on: 
Friday, May 5, 2023
STEM, Organization, Virginia Housing Development Authority, Dream, Tourism, Management

RICHMOND, Va., May 5, 2023 /PRNewswire-PRWeb/ -- Oracle City, a 501c3 non-profit organization, is excited to announce the launch of its STEM engagement program for underserved youth in Virginia. The program aims to unlock barriers to educational advancement, career success, and economic mobility by providing on-the-ground and online STEM engagement to middle and high school youth living in underserved communities.

Key Points: 
  • RICHMOND, Va., May 5, 2023 /PRNewswire-PRWeb/ -- Oracle City, a 501c3 non-profit organization, is excited to announce the launch of its STEM engagement program for underserved youth in Virginia.
  • Through its STEM engagement program, Oracle City aims to promote equity and inclusion in Virginia communities.
  • By providing STEM engagement and innovation, Oracle City hopes to spark the flames of innovation in underserved Virginia communities.
  • The launch of Oracle City's STEM engagement program for underserved youth in Virginia marks an exciting milestone for the organization and underscores its commitment to promoting equity, inclusion, and opportunity in the communities it serves.

Virginia Housing and City of Falls Church Launch $3.8M Affordable Homeownership Program

Retrieved on: 
Monday, February 13, 2023
City, Disability, Virginia Housing Development Authority, Human services, Hope, AMI, REACH, Senior, Commonwealth, Family, Military Emergency Management Specialist Badge, Partnership, Housing commission, Emergency management, Office of emergency management, Housing, Housing Commission of Victoria, Real estate, Development, Amazon

NEW YORK, Feb. 13, 2023 /PRNewswire-PRWeb/ -- The City of Falls Church has launched its Affordable Homeownership Program (CFCAHP), which will make $3.8 million available to support affordable homeownership. The City has received $3.4 million from Virginia Housing's Resources Enabling Affordable Community Housing (REACH) program and has provided a $400,000 match, for a total budget of $3.8 million to provide affordable homeownership opportunities to employees and residents of the City. To advertise this opportunity, a new website, http://www.FallsChurchAHP.org, was recently launched to reach interested and eligible buyers.

Key Points: 
  • NEW YORK, Feb. 13, 2023 /PRNewswire-PRWeb/ -- The City of Falls Church has launched its Affordable Homeownership Program (CFCAHP), which will make $3.8 million available to support affordable homeownership.
  • The City has received $3.4 million from Virginia Housing's Resources Enabling Affordable Community Housing (REACH) program and has provided a $400,000 match, for a total budget of $3.8 million to provide affordable homeownership opportunities to employees and residents of the City.
  • The Chair of the City of Falls Church Housing Commission , Meredith Anderson added, "The Housing Commission has engaged with the City housing team on the Amazon REACH grant since the initial application.
  • Including an affordable home ownership component feels like a meaningful step towards expanding the diversity of affordable housing opportunities within the City."

Former Virginia Secretary of Commerce and Trade Brian Ball Returns to Williams Mullen

Retrieved on: 
Wednesday, October 12, 2022
Community development, California Department of Housing and Community Development, Merck, General assembly, Phi Beta Kappa, District, Corporation, Consultant, Multimedia, Maharashtra Legislative Assembly, Williams Mullen, University, Economic development, Department, CEO, Housing, Amazon, Central District, Virginia Housing Development Authority, Morgan Olson, Commerce, View, Micrometre, Audit, Private investigator

RICHMOND, Va., Oct. 12, 2022 /PRNewswire/ -- Williams Mullen is pleased to announce that Brian Ball, former secretary of commerce and trade for Virginia, has been named of counsel to the firm.

Key Points: 
  • RICHMOND, Va., Oct. 12, 2022 /PRNewswire/ -- Williams Mullen is pleased to announce that Brian Ball, former secretary of commerce and trade for Virginia, has been named of counsel to the firm.
  • As Virginia's chief economic officer under Northam, Ball oversaw 10 commerce and trade agencies, including the Virginia Economic Development Partnership, the Virginia Innovation Partnership Authority, Virginia Housing, the Department of Housing and Community Development and Virginia Tourism.
  • "We are thrilled to have Brian return to us in a new capacity," said Woody Fowler, president and CEO of Williams Mullen.
  • Williams Mullen is a regional full-service law firm with approximately 240 attorneys in offices across North Carolina, South Carolina and Virginia.

Nationwide Homes to Participate in May 10th Grand Opening of Martinsville’s Award-Winning Five Points Neighborhood

Retrieved on: 
Thursday, May 5, 2022
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Nationwide Homes partnered with a diverse list of local, state and national organizations to build the Five Points neighborhood.

Key Points: 
  • Nationwide Homes partnered with a diverse list of local, state and national organizations to build the Five Points neighborhood.
  • The Five Points project comprises homes designed to be starting points to help alleviate housing challenges that many families face.
  • What: Grand Opening Five Points Neighborhood (Martinsville, Virginia)
    Where: 601 W. Church St., Martinsville, Virginia 24112 (if using GPS, 619 W. Church St., Martinsville, Virginia 24112)
    Who: Management from Nationwide Homes and their partners will attend.
  • @NationwideHms, a @cavcoindustries brand, to participate in May 10th #grandopening for Martinsvilles award-winning Five Points Neighborhood #manufacturedhousing #construction #manufacturing #Cavco #jobs #hiring; #employment.

Virginia Housing Renews Contract for Black Knight's MSP Servicing System, Adds Loss Mitigation Solution

Retrieved on: 
Thursday, October 7, 2021
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Through its continued use of MSP, Virginia Housing will be equipped to further automate its processes and support residents within the state.

Key Points: 
  • Through its continued use of MSP, Virginia Housing will be equipped to further automate its processes and support residents within the state.
  • The agency will also add Black Knight's Loss Mitigation solution to support deeper automation in its loss mitigation processes.
  • "Black Knight has been a valuable partner through Virginia Housing's expansion for over the past two decades," said Pamela Holmes, Director of Loan Servicing at Virginia Housing.
  • Integrated with MSP, Black Knight's Loss Mitigation solution offers a feature-rich, web-based solution that supports industry-standard retention and liquidation workouts to streamline the loss mitigation process and reduce risk.