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VAMA News
Challenges Await But Rent Relief Remains Strong
As Virginia returns to a semblance of normal order in the wake of the COVID-19 pandemic, some things that the virus brought may be hanging around; namely rent relief.
  
Join VAMA | CVA in Making an Impact for Richmond Students
Our Central Virginia chapter is partnering with VCU and Richmond Public Schools for the Ultimate Backpack Supply Drive! The program is designed to provide students with brand new backpacks filled with school supplies, free of charge, in the local community to ensure students start their school year on the right foot. 
Congratulations to NAA's Best Places to Work Winners
VAMA is proud to announce that several of our member management companies and supplier partners were recognized by the National Apartment Association as the best places to work. 
  
Teamwork Makes the Dream Work
In our 2021 Virginia Communities magazine, we'd like to feature outstanding teams within our membership. Nominated teams can be an entire community team, maintenance team, office team, corporate team, etc. If you know a group that has stood out from the rest in providing excellent service to their residents in the first half of 2021, please submit their story, along with a photo, by July 23!
NMHC July Rent Payment Tracker
NMHC’s Rent Payment Tracker found 76.5% percent of apartment households made a payment by July 6th, 2021, which is a 0.9 percentage point decrease from payments made through July 6, 2020.
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Save the Date for VAMACON22!
Our annual statewide conference will be held April 27-29, 2022 at the Hilton Norfolk The Main. Mark your calendar now for this can't-miss event!
Combatting Rising Apartment Application Fraud
Fraud is at an all-time high during the application process. Ninety-seven percent of communities have experienced some type of fraud, including fake pay stubs, fake bank statements and fake IDs. Explore the depth of this fraudulent activity and available technology for preventing it in your community. 
All in One Place: July 1 Legal Changes in Virginia
July 1 is the date that most new laws take effect every year in Virginia. Starting then, there were several changes that Virginia housing providers need to know about. Find them all in one place here. 
First Atlantic Restoration Inc
Virginia Housing Development Authority
Calendar Highlights
16
Jul 2021
 
VAMA | HR Morning Coffee Meeting
 
28
Jul 2021
 
VAMA | CVA Annual July Breakfast
 
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A&A Contractors, LLC
Development News
Blacksburg: Three Communities Sold for $146M
The sale to Reliant Group included three off-campus student housing communities near Virginia Tech: Hunter's Ridge (72 units), Collegiate Suites at Blacksburg (210 units) and Maple Ridge Townhomes (314 units) for a total of 596 units. 
Henrico: Mixed-Use Development Getting Underway in Innsbrook
Site work is beginning at Metropolois at Innsbrook. The two-phase development will total 700 apartment units and 13,000 square feet of commercial space. Phase 1, expected to cost $83 million, will include two apartment buildings totaling 402 units and a parking garage. 
Newport News: Breeden Construction to Rebuild for NNRHA
Breeden Construction will serve as general contractor to redevelop the first two phases of the Newport News Redevelopment and Housing Authority’s Marshall-Ridley Choice Neighborhood. The $18.5 million renovation project includes redevelopment of 81 total multifamily units. Construction was set to begin late June 2021.
Norfolk: Affordable Community Celebrates Grand Opening
The Retreat at Harbor Pointe, a 246-unit community along the Elizabeth River waterfront in Norfolk, recently celebrated their grand opening. The 100% affordable community includes units set aside for residents with physical and developmental disabilities, and offers Class-A features including a resort-style pool, modern fitness center, clubhouse, and an elevated dock and walking trail. 
Petersburg: Former Schoolhouse Being Redeveloped Into Housing
Virginia Avenue Elementary, which has been dormant for over a decade, is getting a $24 million redevelopment. EquityPlus is turning the building and surrounding lots into 50 apartments and 45 single family homes. 
Richmond: Scott's Collection I Celebrates Topping Out
The luxury multifamily community in Scott's Addition celebrated topping out at the end of June. The building is the first of a trio to make up "Scott's Collection," and consists of five stories with 80 units and a lobby area. 
Williamsburg: Spotswood Commons Sold for $46M
212-unit community, Spotswood Commons, was sold by The Dolben Company for $46 million in June.