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VAMA News
NAA writes an editorial to address accusations of racism in eviction policies.
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.
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.  
Proposition 10 in CA was not passed by voters. More than $100 million was spent advertising the issue.
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. 
If your locality denied your project even though it meets currently zoning standars would your company sue? One developer in Michigan did.
Montgomery County sent out quadrennial reassessment notices and reported that multi-family property values rose between 4 percent and 21 percent.
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).
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?
First Atlantic Restoration Inc
Belfor USA
Build Your Skills
One of the first projects to utilize the newly passed Income Averaging change to the Federal LIHTC program is beginning in California.
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.
Here are five tips for owners to support their managers.
Calendar Highlights
 
   
CVAA 11/27/18 Fair Housing Certification
NRVAC 11/29/18 Fair Housing Certification
BRAC 11/29/18 Maintenance Appreciation Event & Membership Luncheon
RLRAC 11/30/18 Star Awards VIP Reserved Tables
RLRAC 11/30/18 Star Awards
VRHC 11/30/18 Fair Housing Certification
VAMA 12/4/18 CAPS Credential
NRVAC 12/05/18 Holiday Banquet & Awards
VRHC 12/07/18 Membership Breakfast & Special Seminar
HRAC 12/11/18 Fair Housing Certification
HRAC 12/12/18 Holiday Cocktail Party
BRAC 12/13/2018 Prestige Awards
CVAA 12/19/18 Holiday Cocktail Party
 
Save the Date:
CVAA RAMMY Awards Ceremony- January 18
VAMA Lobby Day - January 31
NAA Advocate - Lobby Day in D.C. - March 5-6

VAMA is pleased to announce the winners from VRHC’s 2018 Valley APEX Awards!
Drucker and Falk, LLC
Development News
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. 
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.
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.
Copper Mill Apartments has sold for $171,875 per unit to a California Investment company.
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.
A Virginia Beach Developer seeks to build apartments on the site of a scrap yard in Northside.
Apartments near Stony Point Fashion Park sold for $62 million on November 1.
Changes to the plans for the second phase of apartments near Innsbrook have been published. Phase 1 has not yet begun construction.
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.