Housing Virginia E-News
February, 2011

Federal Housing Budgets Face Severe Cuts

The past week has not been a good one for the budget prospects of HUD and other Federal housing and community development programs over the next 18 months.   On February 14, President Obama released his budget proposal for 2012 - the Federal fiscal year that begins October 1 of this year.  Overall the President's budget for HUD comes in at $47.2 billion - a 1% increase over the enacted 2010 budget. 


However, the housing voucher and the project based housing assistance programs require significant increases just to be able to continue to serve existing residents.  In order to fund these programs at levels that will not result in current tenants losing their rental assistance, deep cuts are needed in other popular and longstanding housing and community development programs. 


Among the programs that are being slated for reductions or elimination:

  • Public Housing Resident Supportive Services - eliminate 
  • Public Housing Operating Funds - down 17%
  • HOPE VI - eliminated(replaced by Choice Neighborhoods) 
  • Section 811 (disabled)  - down 35%
  • HOME - down 10% 
  • CDBG- down 7%
  • Rural Innovation Fund - eliminated
  • Economic Development Initiative (EDI) - eliminated
  • Neighborhood Grants - eliminated
  • Section 108 Guarantees - eliminated
  • SHOP (Self-Help Homeownership) - eliminated
  • Brownfields - eliminated

The only bright spots are the President's decision to allocate $1 billion to the as yet unfunded National Housing Trust Fund  and a 27% increase in funding for Homelessness -  some good news  in an otherwise discouraging budget blueprint.  

Read More...  


Coming Soon: "Compare Your Area" on SOURCEBOOK   

In coming weeks, Housing Virginia's SOURCEBOOK, a one-stop website for affordable housing information, will include a new feature that will allow you to select up to five geographic areas to compare. You will be able to select any combination of Virginia, metropolitan areas, counties or cities, up to five, for comparison.  


From there, select from a variety of housing and income characteristics for comparison. The most recent year and most recent quarter data will be displayed in an easy to read chart. Using the "printer friendly" feature you can print out this comparison report for your specific use. Go to  www.housingvirginia.org  and watch for newsfeed updates on this new feature.


By early May SOURCEBOOK will also unveil "Create Your Own Report" and "Paycheck to Paycheck" features. The "Create Your Own Report" feature will allow a user to select data elements viewed on the site, and store them in a "shopping cart".  Upon selecting all of the information desired,  users will be able to arrange and print it out as a custom report on any area or areas of their choosing. This feature will allow a user to prepare specific succinct information on housing affordability tailored to their needs.

Read More...  

Ralph M. Perrey: HV Board Member on Why Affordable Housing Matters

  • Currently: Senior Business Developer at Fannie Mae, responsible for Fannie Mae's community development and public entity investment in 11 states 
  • Other Board Affiliations: Housing Virginia,  Federation of Appalachian Housing Enterprises and Community Works in West Virginia Inc

Among those involved in housing it seems that everyone has a story -- a memory or moment that caused them to make housing their life's work.  One of the great pleasures of my work is that I get to meet a lot of those folks and to hear their stories, and sometimes, to meet the people the stories are about.  

  • A young couple in Blacksburg moving into their first home.
  • An older couple in the Appalachian coal fields getting assistance in    weatherizing the home they've owned for decades.
  • The disabled veteran able to return to a home of his own thanks to VHDA.
  • A formerly homeless family settled into permanent supportive housing.
  • Public housing residents resettled into safe new homes and Hope VI neighborhoods.
  • Families able to live close to their work in Northern Virginia, thanks to the preservation of affordable multifamily properties.

I am happy to say that there are success stories and magic moments like these in many parts of the country, but unique to Virginia is an organization that brings together the many and varied organizations, public entities, business groups and active citizens involved in housing issues.  That organization is Housing Virginia, on whose board I am proud to serve.
Read More...   


Housing Virginia Introduces:  

Julie Costantino  

Julie Costantino

If you are "friended" on Facebook,  "tweeted" on Twitter or hearing other virtual messages in the coming months,  you'll likely be hearing from our new team mate, Julie Costantino.  As our new Housing Virginia Office Associate,  Julie is implementing a ramped up communication strategy.    Working with the rest of the Housing Virginia Team, Julie will also be managing other research  and marketing projects,

and supporting overall smooth operations at Housing Virginia.


Julie graduated from Radford University, in 2009, with a degree in history. Prior to working with Housing Virginia, Julie interned at the Department of Historic Resources. There, she conducted research, wrote summaries for historic properties, and wrote several highway markers.  


Contact Julie:

Office Phone:804-767-2412

Email: julie@hdadvisors.net


In This Issue
Coming Soon: "Compare Your Area" on SOURCEBOOK
Ralph M. Perrey: HV Board Member on Why Affordable Housing Matters
Housing Virginia Introduces: Julie Costantino
More News


Virginia's Evolving Foreclosure Problems Report


Missed the SOURCEBOOK Webinar?  


Reforming America's Housing Finance Market

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Your generous gift helps Housing Virginia to make the case for increasing the supply of affordable housing options across the Commonwealth.

Your tax-deductible donation may be sent to:
Housing Virginia
P. O. Box 4658
Richmond, VA   23220

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Housing Virginia also participates in the Commonwealth of Virginia Campaign.  Please use CVC code # 3690.

Deadline 2011 Metlife Foundation Community-Police Partnership Awards - February 28,2011


Rescheduled Date HAND's Multifamily Finance Outlook - March 3, 2011


American Community Survey and the 2010 Census Training, GMU's Center for Regional Analysis - March 3rd and 7th 2011 

NLIHC's 2011 Annual Housing Policy Conference and Lobby Day in Washington, DC - March 27-30, 2011

Low Income Housing Tax Credit (LIHTC) 101, Enterprise Community Partners - March 30,2011 


Richmond Affordable Housing Awareness Week - April 25-30, 2011


Virginia Beach Round Table Housing Affordability Week Luncheon - April 28, 2011

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