Virginia

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Virginia Housing Development Agency posted a memo with guidelines for properties implementing Average Income along with five videos with information on Average Income.

HUD opened registration for its new National Standards for the Physical Inspection of Real Estate (NSPIRE) Demonstration. NH&RA encourages all eligible PHAs, owners and agents to participate in the NSPIRE demonstration. Properties will be given an advisory NSPIRE score and the most recent UPCS score will remain on the books. NSPIRE demonstration participants will have the opportunity to shape the new REAC inspection protocol and to prepare in advance of the mandatory changes.

The Virginia Housing Development Authority has approved the final rankings for the 2019 LIHTC awards.  Rankings can be viewed here.

This article in Health Affairs highlights the work of NH&RA member Beacon Communities and the Richmond Health and Wellness Program (RHWP). An interprofessional group of health care students and faculty members provide services to low-income, senior residents of Beacon Communities’ Dominion Place building.

The City of Newport News, VA and the Newport News Redevelopment and Housing Authority are the recipients of a $30 million grant from HUD’s FY 2018 Choice Neighborhoods Initiative (CNI) Awards. Pennrose and the Newport News Redevelopment and Housing Authority will replace Ridley Place’s 259 public housing units, as well as create 133 moderate-income housing units and 98 market rate units.

The Virginia Housing Development Agency (VHDA) released the preliminary ranking of the 2019 LIHTC applicants.

The National Trust Community Investment Corporation (NTCIC) announced the successful financial closing for the rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, VA into a new headquarters for Congregations Around Richmond To Assure Shelter (CARITAS).

The Virginia General Assembly approved an amendment from Governor Northam (D) to increase appropriations for the Virginia Housing Trust Fund (VHTF) by $4 million in FY 2019 and FY 2020. T

The Virginia Housing Development Authority (VHDA) has tentatively scheduled three more tax-exempt rental housing bond issues for 2019: March 1, June 1 and Aug. 1.

The Virginia Housing Development Authority (VHDA) announced that income averaging is permitted for all newly funded VHDA developments. Projects already approved for funding, where part II of the 8609 form has not been completed will be reviewed on a case-by-case basis.

The Locality Notification Information (LNI) submission list for the 2019 9% competitive round has been finalized and can be found here. The Virginia Housing Development Authority (VHDA) will host a CORES session at its Richmond office on Feb. 7, 2019. The session is free to attend, but registration is required. The certification requirements for the […]

The 2019 Manual and corresponding tab documents have been finalized and can be found on our website. If you have not done so already, please register for our upcoming LIHTC seminars below: LIHTC Workshop- Reston, VA (January 8th) 10am- 2pm LIHTC Workshop- Glen Allen, VA (January 9th) 8:30am-12pm LIHTC Workshop- Hampton, VA (January 10th) 8:30am-12pm […]