Snapshot

Virginia Apartment Management Association

VAMA News
NAA and NMHC have asked all VAMA members to complete the attached survey - you have until October 25th.  The news media and advocacy groups have convinced the country that there is an "eviction" crisis when we all know that eviction is a last resort.

 

Complete this survey and help set the eviction record for Virginia straight.

Visit https://www.surveymonkey.com/r/EvictionsNAANMHC to view the full article online.

 
This election season is putting a spotlight on proffers in some parts of Virginia.  In Chesterfield, proffers were eliminated to encourage development in target areas...some people are arguing the success.  How are proffers decided in your area?  Do you know how your candidates plan to vote when proffers are discussed in your region?

Visit https://www.chesterfieldobserver.com/articles/local-democrats-go-after-2016-proffer-cut-county-says-policy-change-has-spurred-revitalization/ to view the full article online.

 
The Federal Government began encouraging hospitals to use charity dollars for housing but instead of hospitals working with housing providers, some are becoming those providers themselves.

Visit https://www.usatoday.com/story/news/health/2019/10/02/denver-health-hospitals-buying-housing-patients/3840199002/ to view the full article online.

 
California has a new law allowing for "public" or state-run banks.  Supporters tout the move as a way to mandate and fund subsidized housing.

Visit https://www.theguardian.com/us-news/2019/oct/03/california-governor-public-banking-law-ab857 to view the full article online.

 
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We perform a number of grounds maintenance and related services on HOA's, Commercial, Industrial, Multi-Family, and the Public. We are Large Acreage Specialists. Our services include but are not limited to * Mowing Duties * Irrigation Service and Repair * Pruning * Mulching * Chemical treatments for turf and tree/shrubs* Tree Services * Landscape installation projects * Drainage Solutions * Snow Removal
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When you hear the phrase "rent control," it is a good idea to have the facts ready.  Rent control is a failed experiment that ends up driving rental rates up in the long run.  

Visit https://catalyst.independent.org/2019/10/07/how-rent-control-threatens-the-american-dream/ to view the full article online.

 
A study of Baltimore and D.C. inclusionary zoning policies has shown that the practice meant to increase access to affodable housing actually makes housing less affordable.

Visit https://reason.com/2019/10/07/when-mandating-affordable-housing-makes-housing-less-affordable/ to view the full article online.

 
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Development News
Months after the rezoning request was approved, developers indicate relationships with the surrounding neighborhood occupants are getting better.  Town Council indicates this is a case of staying true to the promise of reducing sprawl but neighborhood residents are citing reduced property values.  Either way, the Shenandoah neighborhood is getting more development.

Visit http://www.collegiatetimes.com/news/green-valley-builders-moves-forward-with-construction-on-patrick-henry/article_fd06d5e2-ede7-11e9-ab7b-6bc7535b86a4.html to view the full article online.

 
An Ohio based developer has purchased land in Richmond's Manchester area for $1.9 Million and has plans to develop for sale townhomes as well as a large apartment building.

Visit https://richmondbizsense.com/2019/10/15/manchester-site-sells-for-2m-riverhaus-development-planned/ to view the full article online.

 
Several new projects including hundreds of new apartments are under construction or will be in Scott's Addition in Richmond.

Visit https://wtvr.com/2019/09/18/scotts-addition-eyesore-finally-under-construction-its-exciting-times/ to view the full article online.

 
Located at 200 S. Mallory St. in the Phoebus neighborhood, the 5-acre development is underway near Interstate 64, 2 miles southeast of downtown Hampton and is planned to include 162 new apartments.

Visit https://www.multihousingnews.com/post/hampton-roads-project-gets-22m-financing/ to view the full article online.

 
A new apartment building will be taller than most in Midlothian, signaling some changes in future zoning options.  

Visit https://richmondbizsense.com/2019/10/08/new-apartments-going-vertical-at-centerpointe/ to view the full article online.

 
Developers are asking for land to be rezoned for multi-family and retail development to include several hundred apartments if approved.

Visit https://www.roanoke.com/news/nrv/more-development-proposed-for-peppers-ferry-road/article_0ab27749-2f7d-5c65-8802-93838d863874.html to view the full article online.

 
The Chesterfield Courthouse area is set to see some major changes as developers move forward in the planning for over 600 homes (half apartments), retail and commercial spaces.

Visit https://richmondbizsense.com/2019/10/07/mixed-use-project-near-chesterfield-courthouse-would-include-hotel-650-homes/ to view the full article online.

 
Developers want to build 700 apartments on a 13-acre tract in Innsbrook, a large office park in the far west end of greater Richmond.  Additionally, retail and commercial space is part of the plan.

Visit https://richmondbizsense.com/2019/09/17/wells-fargo-owned-innsbrook-site-eyed-for-mixed-use-including-700-apartments/ to view the full article online.