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VAMA News
  
The 2017 General Assembly session was a huge success for VAMA Members. VAMA's legislative efforts paid off in real dollars with the defeat of bills such as: 1. A 5% cap on any and all late fees; 2. A required 7-day grace period; 3. The ability for a utility department to put a lien on YOUR property for renters' unpaid utility bills; 4. Making it a crime for management to fail to inspect a unit within three days of a move out (for abandoned pets). VAMA lobbyists and members testified against several of these measures and these bills were defeated. VAMA's positive legislative efforts passed both houses and await signature by the Governor. YOUR Advocate, YOUR Partner, YOUR VAMA!
First Atlantic Restoration Inc
Belfor USA
  
Hudson Capital Acquisitions LLC has purchased the Lofts at Commerce Apartments in Richmond’s Manchester area for $20.2 million.
  
Homeowners near the Shenandoah Life Building learned the fate of 17 acres of land. It was sold by Carilion to a North Carolina developer who plans on building 224 apartments.
  
The specter of tax reform hangs over the low-income housing tax credit (LIHTC) market, threatening a slowdown in affordable housing production this year.
  
An annual internal report found that 1,435 new dwelling units received permits in 2016.
  
A plan to transition the Brook Road-Chamberlayne Avenue corridor near Virginia Union University into a mixed-use village is getting a boost with a rezoning for a 200-unit apartment complex.
  
Barely a month after new regulations went into effect, the town is working to ensure enforcement of renting out rooms or entire homes to vacationers.
  
News that banks are getting cold feet over multifamily projects further underlines a softening in the apartments category as developers bring more schemes online than there are demand for.
  
What if Tanglewood was an open-air mall with boutique, high-end retail? What if the mall was built upward to include apartments and townhouses largely occupied by millennials?
  
"Now Leasing" signs went up on the property just last week. Although the new entrance to the building will be on Jefferson Avenue, tenants will have a Poplar Street address.
  
Another new apartment complex is being planned for a stretch of land on the southern side of Interstate 64 in Albemarle County.
Affordable housing could be the newest darling of the multifamily investment market in 2017.
Build Your Skills
  
Don't miss the next morning coffee - learn about requests for emotional support animals and MORE!
  
Over 50 Attend Morning Coffee! Meet NAA President Cindy Clare in March!
  
Maintenance professionals - Your Time is NOW! Show off your skills, learn something new and Have FUN!
  
CVAA's Soak Up Series is new this year and a fantastic DEAL! Buy the package and save over $150.00 per person!
  
NALP, Assistive Animal Requests and MORE!
Calendar Highlights
  
VAMA 2017 State Conference - April 19th - 21st RLRAC 3/10/17 Lynchburg Morning Perk - Assistive Animals and Criminal Screening NRVAC 3/14/17 Breakfast Social HRAC 3/15/17 ACE Awards Ceremony CVAA 3/16/17 Marketing for Affordable Housing Seminar RLRAC 3/20/17 National Apartment Leasing Professional (NALP) CVAA 3/21/17 Fair Housing Certification CVAA 3/22/17 Maintenance Mania & Appreciation Day VRHC 3/24/17 Lunch & Learn - Assistive Animals & Criminal Screening HRAC 3/24/17 Morning Coffee Meeting BRAC 3/28/17 Leasing Seminar & Luncheon NRVAC 3/28/17 Educational Seminar CVAA 3/28 & 3/29: Certified Pool Operator (CPO) BRAC 4/11/17 Fair Housing Certification HRAC 4/11/17 VRLTA with Chip Dicks BRAC 4/12/17 Certified Pool Operator (CPO) Course