Community land trust forum coming October 26

On October 26, the Federal Reserve Bank of Richmond will host a one day forum on community land trusts. Targeted to affordable housing practitioners, financial institutions, foundations, and local and state policymakers, this forum will provide an overview of how shared equity models, and community land trusts in particular, can preserve long-term affordable homeownership and stabilize neighborhoods impacted by foreclosure.

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DEVELOPING: DoD seeks spending cuts in VA

Virginia's economy stands to take a heavy blow if Secretary of Defense Robert Gates's proposal to cut the Pentagon's budget goes ahead as planned.  And there's little recourse for the Commonwealth's political leaders who are obviously concerned about the proposed cuts: Congress doesn't need to approve them.  Here's what's at stake in the Commonwealth.

State courts bidders for new U.S. 460

VDOT is hoping to coax private developers to bid on the chance to build and operate a new multibillion-dollar U.S.  Route 460 as a toll road. To drum up interest, the state is offering cash and other incentives.

Without an offer of public funds, the project has gone nowhere. Officials hope the promise of a public partnership will stimulate interest.

The new U.S. 460 will be a  55-mile, four-lane, divided highway between Suffolk and Petersburg. 

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Press conference recording for 2Q home sales report released

An audio recording of today's press conference (right-click to download 7 MB mp3 file) with commentary from some of the state's leading brokers about VAR's second quarter home sales report is now available for download. The brokers in the call are:

Planning begins for future Herndon-Monroe Metro station

Town officials in Herndon are preparing residents and business owners for the new  Herndon-Monroe Metro station, which is slated to open in 2016. Plans are afoot to make the area surrounding the coming station more appealing to passengers. Officials would like to see the area transformed into an attractive, walkable urban community.

Virginia Beach will buy, preserve land off Shore Drive

Virginia Beach and several conservation groups will purchase 122 acres of land off Shore Drive. The land had been marked for a housing development, but will now be preserved in its natural state. It is the last major tract of undeveloped land along the Lynnhaven River. 

Read more in The Virginian-Pilot....

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Housing policy advisory committee wants your input

Gov. McDonnell has embarked on a mission to create the Commonwealth's first statewide housing policy. The policy is expected to guide the Commonwealth's approach to issues such as homelessness, affordable housing, workforce housing, economic development, healthy neighborhoods, effective coordination with transportation, environmental issues and other housing related opportunities.


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