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August 2015 In This Issue
Statewide News
Industry News
Industry Events and Education
Local Chapter Updates
First Atlantic Restoration Inc
Honeywell Smart Grid Solutions
Belfor USA
Statewide News
Competition Promotes Excellence! Award nomination deadlines are approaching for many local chapters in the VAMA Network! Check out the VAMA calendar to link to your chapter's nomination forms today!
Industry News
HUD’s Worst Case Housing Needs: 2015 Report to Congress is a nationwide assessment of severe housing problems facing very low-income renter households in 2013 based on American Housing Survey data. Very low-income renters are those who earn less than 50 percent of the area median income (AMI), and include a significant proportion of extremely low-income renters (who earn less than 30 percent of AMI).
The homeownership rate in the United States in the second quarter declined to 63.4%, the lowest it has been since 1967, according to data from the Department of Commerce’s Census Bureau.

Further, the steady decline since 2009 continues.
The U.S. Government Accountability Office (GAO) released its report on federal oversight of the Low Income Housing Tax Credit program, which concludes that there are deficiencies in the Internal Revenue Service’s (IRS) oversight of the program and recommends that Congress consider designating HUD as a joint administrator of the program.
Leading apartment REITs are much less eager to bid high on apartment properties than just a few years ago.
This article shows how technology is being incorporated into furniture; couches and chairs that have plug-ins or charging stations, desktop bikes, etc.
This memorandum responds to requests for guidance on how HUD investigators should
examine Fair Housing Act "reasonable accommodation" cases where a housing provider cites an
insurance policy restriction in denying a request from a person with a disability to reside in a
dwelling with an assistance animal that is of a breed of dog that the landlord's insurance carrier
considers dangerous.
On June 25, 2015, the Supreme Court, by a five-to-four margin, upheld the application of disparate impact under the Fair Housing Act ("FHA") in Texas Department of Housing & Community Affairs v. The Inclusive Communities Project, Inc. While upholding the theory, the Court imposed significant limitations on its application in practice.
Carousel Signs & Designs, Inc.
Virginia Housing Development Authority
Deas Construction
Industry Events and Education
HRAC 8/18/15 Fair Housing Certification
CVAA 08/19/15 Happy Hour
BRAC 08/19/15 Happy Hour
CVAA 8/20/15 Everyday Financial Management
RVAA-Lynchburg 08/21/15 Morning Perk
CVAA 08/25/15 Morning Coffee Meeting
CVAA 08/25/15 Fair Housing Certification
BRAC 09/09/15 Golf Tournament
NRVAC 09/10/15 Membership Breakfast
HRAC 9/11/15 Morning Coffee Meeting
VRHC-Harrisonburg 09/11/15 Fair Housing Course
CVAA Certificate for Apartment Maintenance Tech (CAMT)
RVAA 09/17/15 Patrick Morin Seminar

Click the link below for the complete statewide VAMA Calendar!
Local Chapter Updates
In a continuing effort to improve safety awareness around the University of Virginia campus, BRAC has worked with the University during the past few months to develop a series of best practice guidelines we believe address many of the university's concerns and improve the quality of housing within our area. The BRAC Advisory Committee released its list of Recommended Property Guidelines to association members on 7/31.

BRAC's Best Practice Guidelines are available for members online by clicking the link below.
What a great turnout to see SL Nusbaum's Lindsay Pease discuss team building!
CAS is a nationally recognized designation offered in conjunction with Certified Apartment Manager (CAM) classes. Attend classes with managers, network with customers and further your education! Suppliers are important liaisons to the multifamily housing industry. This program is designed as an opportunity for suppliers to hear the everyday challenges faced by the apartment manager customer. The CAS program is ideal for new salespeople as well as veterans of the industry. Click below to register.
Elizabeth River Landscape's David Pattishall is this month's HRAC supplier superstar!
The Communities of Opportunity Program (COP) is a Virginia income tax credit program that provides Virginia income tax credits to landlords with property in less-impoverished areas within the Greater Richmond/Petersburg area who participate in the Housing Choice Voucher program. The program goal is to decentralize poverty by enhancing low-income Virginians’ access to affordable housing units in higher income areas. The tax credit for an eligible property is equal to ten percent of the annual Fair Market Rent for that specific unit. For more information visit the link below.
Get to know Artcraft Management's Stephen Epperson!
BLACKSBURG — Blacksburg needs thousands more rental bedrooms for students if leaders ever hope to crack its affordable housing problem, a consultant told town council members Tuesday.

That was one of the top conclusions from a long-awaited study of Blacksburg’s downtown housing market.


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